April 20th, 2022 by WCBC Radio
A combination of American Rescue Funds from the federal government and a spike in the assessable base has placed the city of Cumberland in an extremely healthy fiscal position heading into FY 2023. The Mayor and Council received an initial budget presentation as part of Tuesday’s work session with Comptroller Mark Gandolfi and Ken Tressler, Director of Administrative Services presenting an overview. Gandolfi said there is no need for any rate increases with budget surpluses in the forecast for the next few years…
Tressler said even though the fiscal picture looks strong moving forward, he would advise the city to maintain the existing tax rate…
