Reno’s budget this year is $352 million. The City will use money from the sale of land for transportation projects to pay off debt it incurred when it bought City Hall. That will save a million dollars a year.
With that money and by cutting vacant fire inspector positions, Reno can save 15 firefighter jobs and nearly double financial reserves to 7 percent. City Manager, Andrew Clinger says that is the bare minimum to cover expenses from the beginning of the fiscal year in July to when the first property tax payments arrive in October.
“During that time period, we drop down and so we have to maintain 7 to 8 percent in the bank because we don’t have as much money coming in at that period of time as we have going out,” says Clinger.
Clinger is anticipating higher employee compensation this year and additional expenses for on-line systems for park reservations and licenses.
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
