YAKIMA — The city of Yakima’s financial reserves could be entirely depleted within 10 years if no additional expense cuts are made and no more revenue options approved, city officials say. If the city continues to borrow from its general fund reserves to pay for operational costs and not pay back the balance, half the reserve fund will be going to pay operational costs within five years, assistant city manager Ana Cortez said. The Yakima City Council tentatively approved expense cuts Tuesday that would address an estimated $780,000 gap between next year’s expenses and revenue and allow additional funds to be placed in the general fund reserve.
Comment on Mayor warns of painful decisions as Yakima depletes its cash reserves
Emily Goodell, Yakima Herald-Republic, The Columbian
Sat, 10/13/2018 - 9:34pm
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more