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Waterford Today

Thursday, November 7, 2024

City Council unanimously approved City Manager Erik Tungate's recommended balanced budget for FY 2022-23

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City Council unanimously approved City Manager Erik Tungate's recommended balanced budget for FY 2022-23. This budget reflects the City's economic growth, our commitment to public safety and our continued goal of meeting the City's, and residents', more critical needs. 

"This balanced budget reflects a reasonable approach to meeting our most critical needs while positioning the City for long-term financial stability," said City Manager Erik Tungate. "Although we continue to face challenges, such as a broken funding mechanism for municipalities, long-term liability costs and wage inflation, I believe we have a strong foundation for the future."

Original source can be found here.

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