Background:
On March 13th, 2023, the City Manager presented an update to the City Council on the City's current financial position for the current fiscal year (FY 2022-23) as well as an early forecast for Fiscal Year 2023-24. Following that presentation, City Council directed the City Manager to provide additional information about the major issues that threaten the financial stability of the City each year. This presentation will review those issues to help further inform the City Council in advance of receiving the FY 2023-24 Submitted Budget on May 9th. |