Budget director outlines midyear projection; city projects about $4.5M surplus while Metro faces a $4.2M gap
Budget Director Christine Coe presented the midyear projection showing approximately $4.5 million in surplus driven by stronger revenues and agency underspending; the resolution includes technical transfers, $500,000 from contingent reserve to agencies, and increased budget authority for Metro, which projects a separate $4.2 million operating shortfall.
The full story
Budget Director Christine Coe presented the city’s midyear projection and the elements of the midyear appropriation resolution. Using actuals through May 31 and agency projections, staff estimate roughly $767,000 above-budget revenues and about $4,000,000 of agency underspending, yielding a projected surplus near $4,500,000.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in