Council in April unanimously passed the recession plan that aims to assist the city through both the current economic downturn and those in the future. The plan’s stages exist to govern city expenses in the case of both marginal or large reductions in revenue. Last year the city deemed reductions in the “significant” stage, though the city’s budget team now recommends moving down to the “moderate” stage. The aggregate of city funds is “well under” a revenue reduction of 5%, management services director Rick Tadder said. “Things appear to be in a better position than we thought early on in the pandemic,” he added.

Source: Daily Sun February 04, 2021 13:30 UTC