Olean council presses for better forecasting after budget shows line-item overages
Council members discussed underbudgeted line items (notably health insurance) and revenue projections; finance staff said the city budgeted $19 million in revenue and is currently at roughly $20 million, with May receipts typically adding $400,000–$500,000. Members urged improved forecasting to avoid drawing on fund balance.
The full story
Council members spent an extended portion of the April 28 meeting examining FY25–26 line-item overages and revenue estimates. Participants flagged health insurance as the primary underbudgeted item and discussed the need to limit discretionary spending in May to avoid tapping the general fund. One council member said the city should ‘‘track and see where we're gonna land and then take precaution ahead of time.’'
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