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Fiscal officer warns Cleves Village may face shortfalls in 2030–31 without new revenue
Summary
The village fiscal forecast presented midyear revenue and projections showing the police and general funds under pressure by 2030–31 unless new revenue (including a proposed 1% income tax or a safety levy) is approved; midyear figures show general-fund revenue at about 53% and expenditures at about 48%.
The village fiscal officer presented a midyear forecast that shows Cleves Village is operating within expectations this year but faces possible pressure on its police and general funds in 2030–31 unless new revenue or levy measures are approved.
The officer said the report is a county-required forecast rather than the village budget and does not include a proposed income tax because the tax has not been approved. "For revenue for general fund we're at 53%... expenditures, 48%," the fiscal officer said, characterizing midyear results as "on track." The report models multiple scenarios and assumes salary, insurance and maintenance cost increases (health insurance modeled at about 10% per year; maintenance and general increases at about 3%).
Under the current assumptions the police fund could move into deficit territory in about 2030–31 without action, the forecast indicated. The fiscal officer said that a separate proposed safety levy and a possible 1% income tax would materially change those projections. The officer also noted that road, waterworks and other special funds were modeled with different assumptions and that TIF or new businesses could change projected revenues for specific funds.
Council discussed grants and alternative funding. Staff mentioned the FEMA BRIC grant program as a potential source for infrastructure projects that protect property and public safety, but said FEMA typically requires a cost-benefit analysis; staff recommended preparing analyses for larger repair items (for example, costs above about $50,000) to make grant applications feasible.
The council did not adopt new appropriations at the meeting; staff asked members to review the forecast and raise questions with the fiscal officer (Sandy) or Justin before the next meeting.
