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Commission sets budget hearing dates; staff says reserve target is 25%
Summary
Staff confirmed two public budget hearings on Sept. 9 and Sept. 23 and said the city is on track for a 25% reserve target; commissioners scheduled a Sept. 17 meeting to fall between the hearings for an interim update.
Staff told the commission there will be two public budget hearings, on Sept. 9 and Sept. 23, and that the commission canceled an extra meeting previously scheduled for Aug. 18. A commissioner asked about reserve targets and staff said the city's reserve target is 25% and they expect to land at that target after last-minute entries.
Commissioners agreed to hold a staff update meeting on Sept. 17 to fall between the two hearings and to allow final adjustments before the second hearing. Staff reminded commissioners that final budget adoption and any follow-up changes will come after the hearings and that periodic email updates will continue during the remainder of the budget process.
The exchange closed with the chair adjourning the meeting at 03:07.
