The Sheridan City Council received some bad news Monday night, as City Treasurer Jennifer Reed provided a financial update that wasn't exactly glowing.
Reed stated that the City is looking at the cold fact of cutting $1.3 million from the General Fund to balance the budget for the upcoming fiscal year. Reed explains where the $1.3 million figure came from.
As far as how the City will be able to balance the budget? Still too early to tell, says Reed.
Reed said that the City may have to look at voluntary early retirement and employee buyouts to trim the numbers. Human Resources Director Heather Doke stated that historically, the City has done a buyout for an employee who's position is being eliminated, but added that that doesn't necessarily have to be the case in the future.
Councilor Ryan Mulholland expressed concern over losing City employees, and asked if there were any other way to cut the fat without losing personnel. Mayor Dave Kinskey replied that he'll continue to work with staff on finding ways to cut back without losing any employees.