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Reno finance chief warns of multi‑million dollar shortfall, proposes fee increases and vacancy savings
Summary
Finance Director Vicky Van Buren told the Ward 5 Neighborhood Advisory Board the city faces slow revenue growth, a projected $4.4 million shortfall for next year and long-term fund‑balance risk; she outlined options including expense cuts, revenue changes such as raising a sanitation franchise fee and continued use of vacancy savings.
Finance Director Vicky Van Buren told the Ward 5 Neighborhood Advisory Board that the city's slow revenue growth has produced a persistent budget gap and that leaders must choose between reducing services, raising revenue or both. "There's cut expenses. You can increase revenues or you can do a combination of both," Van Buren said, summarizing the limited options available.
Van Buren described the city's fund-accounting structure and said the adopted total city budget is just over $1 billion, with the general fund about $321,000,000. She said recent years of flat consolidated-tax (CTAC) receipts and declines in franchise fees have removed compounding growth the city once expected and left the city more reliant on one-time sources to balance budgets. "We had a gap when we put everything together about…
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