Chief financial officer warns short\u002Dterm tactics for avoiding tax hikes, service cuts are \u0022not sustainable.\u0022
City CFO Clae Hack presented a mid-year financial update on Monday that indicated the city faces a $6.5 million deficit for 2022. Cities can’t run deficits under provincial law, so the money will have to be found at the end of the fiscal year.
He noted the 2022 city budget contained $7 million in risk — essentially a savings target that city planners were directed to meet, and suggested this left precious little room for unforeseen costs.Article content Hack also noted savings from efforts to trim travel and training expenses and defer hiring. However, he said all these gains were wiped out by unforeseen expenses.Article content
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
'Terrific Win for Consumers': Biden FDA Clears Way for Over-the-Counter Hearing Aids\u0022This is such an important move that will change lives,\u0022 said the Congressional Progressive Caucus.
Weiterlesen »
The 5 Best Bites Our Editor-in-Chief Ate in LAThe five best bites our editor-in-chief ate on a recent trip to LA.
Weiterlesen »
Bank of America chief economist sees high chance of mild recession this yearBank of America's new U.S. chief economist has projected that the Federal Reserve will trigger a recession as it hikes interest rates to cool inflation.
Weiterlesen »
Hildale police chief urges caution after flood closes crossings, damages homes'One second can seem safe where you're standing, but within seconds that can change. Sometimes a wall of water can come from behind where you're watching.'
Weiterlesen »
Termination hearing for Uvalde CISD Police Chief Pete Arredondo scheduled for Aug. 24After two delays, the board has set a date to discuss Police Chief Pete Arredondo's termination. The meeting will be open to the public
Weiterlesen »