Glendale’s Recent Fiscal Year Seems Better Than Expected

Financial contraction for the city’s government does not appear to have been as severe as anticipated, based on updated numbers on the close of the 2019-20 fiscal year that the City Council reviewed on Tuesday.
To be sure, the city did experience revenue loss late in the period as a result of the coronavirus pandemic, which planners and the council adjusted for in the spring. However, the final numbers seem poised to land somewhere between those in the original budget and the revised projections that officials made after the pandemic shut down large parts of the economy.

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City Council Analyzes Budget Proposal at Special Meeting

Michele Flynn
Director of Finance

City councilmembers aired skepticism at what they deemed to be a relatively upbeat outlook for the upcoming fiscal year, which will assuredly be marred by the continuing market slide and volatility as a result of the pandemic.
Uncertainty, city officials asserted, ultimately plagued any previously reliable projection techniques, which means that the City Council and city administrators are going to have to be much more hands-on in adjusting the bottom line throughout the year once they agree on a budget. The City Council took its first look at what the soon-to-come budget proposal will be at a special meeting Tuesday morning.
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