Local News From The Supertalk News Room

Local News for La Grande, OR

LA GRANDE PROJECTS BUDGET SHORTFALL DOWN THE ROAD

By Newsroom

The La Grande City Council and Budget Committee this week, hashed over updated city budget projections as far into the future as 2023. Based on the projections, the city will see a decline in its ending cash balance for the general fund over the next few years, resulting in a failure to reach the cash-on-hand requirement of $1.6-$1.8 million after the fiscal year 2020-2021 budget. The fear now is that by 2023, the city will have a negative balance of nearly $400,000 in net ending cash. They say they need to come up with a plan now to address it.

Apr. 18, 2019 at 9:59 am

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