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City Comptroller Estimates $1M+ Loss Due to COVID-19

May 6th, 2020 by WCBC Radio

Cumberland Comptroller Ken Tressler briefed the Mayor and City Council on his preliminary projections for the fiscal impact COVID-19 will have on next years budget. Emphasizing that there are many uncertainties at this point, Tressler, during the city’s Tuesday work session, said the best estimate at this time shows a loss of about $833,000. That is in addition to a $226,000 general fund shortfall. There will be no tax hikes and no recommended sewer or trash rate increases. There will be a 5% increase in the water, representing an impact of less than a dollar a month on the average customer.  At this point, Tressler said he is suggesting a one-time transfer or loan from the city’s sewer fund to cover any shortfalls. Currently there is $13 million available in the sewer  fund. With no real numbers known yet as to the impact of the COVID-19-   Tressler advised that the city proceed with caution and to allow for budget flexibility in the coming months.   Mayor Ray Morriss…

One Response to “City Comptroller Estimates $1M+ Loss Due to COVID-19”

  1. May 06, 2020 at 10:25 am, Bob said:

    A realistic plan I suppose as the sewers won’t be of much use after the imminent collapse of the water system. There is the problem though of folks not giving us any more money after they see that money given us earlier for a specific purpose get frittered away on day to day local folly.

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