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Finance director warns Cranston is trending toward $10.4 million deficit as council presses for details
Summary
At a May 4 finance committee meeting, Cranston's finance director told council members the city is "trending in a bad way," citing a projected $10.4 million deficit driven by lower-than-expected revenue and higher expenditures; council asked for faster, more detailed weekly reports and for a breakdown of fourth-quarter transfers and ARPA spending.
Cranston's finance director told the city's finance committee on May 4 that the municipal budget is trending toward a roughly $10.4 million shortfall, and he said he has begun restricting purchase orders to slow expenditures.
"The ARPA funds are pretty much all consumed," the finance director said, and "we put in for the last three months ... only spending on essential or emergency items," adding he expects April receipts to change the picture somewhat. Council president Wahl said the $10.4 million figure was "concerning" and pressed the director for specifics on revenue declines and expenditure overruns.
Counci…
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