12/12/16 – 5:17 A.M.
Findlay officials expect expenses to outpace revenue in 2017. The Courier reports despite the projection, officials don’t plan on taking any drastic measures. While the budget plan for next year shows expenses around $1.2 million over revenue, Findlay has a $12.4 million carryover balance. Public hearings about the 2017 budget take place Thursday afternoon.
A statement from Mayor Lydia Mihalik in the front of the 2017 budget book says, “While the local economy continues to grow alongside our economic development success, we are anticipating a manageable decrease in our income tax revenues for 2017.” Mihalik adds that while in the past the city would have reacted by cutting costs across the board, the plan for 2017 is to continue to invest in infrastructure. The statement also says staffing cuts are not on the table.
City council invested in staffing last week. Council passed a 2 percent pay increase for non-elected and non-union employees. Around 200 positions are getting raises in 2017 as a result. The move increases yearly spending by around $400,000.
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