Mayor Mihalik Cautiously Optimistic of City’s Financial Future

7/28/14  12:30 p.m.

Last week’s mid-year budget review left Findlay leaders with a positive feeling in regards to the city’s finances.

Findlay mayor Lydia Mihalik told Chris Oaks on Good Mornings she’s cautiously optimistic, but isn’t in a hurry to spend all of the $9 million surplus in the city’s general fund.

Audio: Lydia Mihalik

Mihalik said the city’s capital plan is in balance with its needs and will help administrators make good decisions when a cash windfall comes their way.

Long-term planning was also a big topic of conversation at last week’s meeting. City auditor Jim Staschiak told city leaders that because of the budget surplus, now is the time to start preparing.

Though she’s on the same page as Staschiak in regards to the need for planning, Mihalik said without a clear picture of revenue, long-term planning is difficult.

 

Audio: Lydia Mihalik

Mihalik said the revenue is the key to budgeting because it affects the administration’s decision making almost entirely.

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