Comptroller flags $500,000 operating gap; $3.8 million payment could reverse projection
Comptroller Tony Tracy told the council the city’s first‑quarter results show a roughly $500,000 deficit excluding a planned $500,000 fund‑balance draw; she said a $3.8 million payment under a pilot agreement with 901 Main Street could turn that into a $3.3 million surplus for 2026.
The full story
Comptroller Tony Tracy reported to the council that, on a budget‑to‑actual basis, the city is close to plan but that budgeted use of roughly $500,000 of fund balance masks operating shortfalls. "In reality, though, we did plan within our budget to use $500,000 of our fund balance to balance it that way," Tracy said, and without that draw the city is effectively looking at about a $500,000 shortage.
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