Jacobs said the the city’s solid waste fund is set to have a $155,000 gap, the refuse collection gap is set to have a $447,000 gap and the transfer station fund is set to have a $419,000 gap, but each of those can be resolved through transfers from the capital fund instead of fee or rate increases.
“All three of these funds, if there are deficits at the end of the year, are covered using fund balance from the general fund, and then an interfund loan is established to eventually get paid back,” she continued. “So at this time, there will be no rate increases but we will have to have discussions about possibly having future increases in order to sustain those funds.”
Jacobs also presented the council with a range of four property tax levy options, with the original 3.3% increase being the biggest hike. Councilor Jimmy Giannettino acknowledged the four different tax scenarios, and said the council has decisions to make.
“Obviously our goal as property owners ourselves, we don’t want to pay anymore taxes, but the reality is we provide services people in this city rely on, and that’s never been more evident during the last 14 months,” he said. “You look at the last 14 months, this is why government exists, and this government, this local government, has done a damn good job in responding to hopefully the worst pandemic that we ever experience, and that costs money. I know people don’t like to hear that. As a property owner, I don’t like to hear that, but these are services that we all rely on, and they’re necessary services.”