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Finance director: midyear report shows use of reserves, hiring freeze and capital hold
Summary
Finance Director Mary Foster reported midyear general-fund revenues of $29.1 million vs. a $41.4 million budget and outlined a hiring freeze (instituted Sept. 6), overtime restrictions, a temporary capital hold and other steps to align the budget.
Finance Director Mary Foster delivered a midyear financial review covering January–August 2025 and told council the city is on track to meet its budget targets only with careful management and several near-term constraints.
Foster reported general-fund revenues of $29,100,000 compared with a full-year budget of $41,400,000 and year-to-date expenditures of $32,600,000 against a $50,300,000 budget. She cautioned that comparing eight months of actuals to a full-year budget…
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