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Keizer task force warns of multi‑year budget shortfall as PERS costs loom
Summary
Keizer staff told the Long Range Planning Task Force the city faces a roughly $4.5 million shortfall this year and growing multi‑year deficits driven by rising personnel costs and an upcoming PERS payment; staff urged fee reviews, possible property sales and use of a PERS side account before the Feb–Mar budget decisions.
Keizer city officials told the Long Range Planning Task Force on Dec. 8 that the city is facing a multi‑year budget shortfall driven by lower intergovernmental revenues, higher personnel costs and an upcoming state retirement liability.
"We're sitting on a $4,500,000 loss right now," Tim Wood, Keizer's budget officer, told the task force as he reviewed a consolidated, midyear view of the city's funds. Wood said that compared with the prior year the city is down roughly $1.8 million in net position because a significant one‑time grant tied to a turf field did not recur and expenses have risen, in particular staffing costs for police services and a recent property purchase at…
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