City of Newburgh weathered pandemic financial storm, audit says

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NEWBURGH – The City of Newburgh came through the pandemic in good financial shape, according to an independent audit of the year 2020.

Mayor Torrance Harvey said the city’s fund balance actually grew despite the economic shutdown.

“We came through this pandemic, which was 2020, in the black, not in the red. I am happy because we went from, I think it was $9 million in our fund balance, which is our city savings account, to $15 million in our fund balance for 2020. Then the pandemic did have some setbacks. I think we had to go into our coffers for about $3 million,” he said.

 But, Harvey said the city had no layoffs or furloughs when COVID-19 hit.