POUGHKEEPSIE – The general
fund deficit in Poughkeepsie is expected to go down even further as Mayor
Robert Rolison announced Friday that the city is projecting a general
fund surplus of some $759,000 in 2017.
“This result not only continues our march in the right direction, but it validates our decision to stay under the tax cap in 2018, and to give our restructuring efforts time to take hold,” Rolison said. “A lot of work went into managing the 2017 budget, keeping expenses down as much as the departments could so we were able to see savings in various different budgetary lines that helped to get to this point. Two years in a row and we set this at the beginning trying to project multi-year budgeting and it is working out for us.”
“This is an encouraging finish to a year where we also adopted a strong debt management policy, and began to replace aging equipment, vehicles and infrastructure,” said City Commissioner of Finance William Brady. “We also note improving liquidity and more stable cash flow, which provides stability needed to take advantage of cost savings on an opportunity basis without resorting to short-term borrowing.”
Ulster lawmakers approve $10 million state grant for iPark87
April 17, 2024
