When the sales tax revenues came in for the month of January for the City of Sheridan, it was quite the eye opener as the deposit was much lower than what was projected.
The trend continued through February and March, which forced departments to scale back as much as possible to try come up with the $500,000 budget shortfall.
The declining revenues also painted a picture of a General Fund budget for next fiscal year that could end up being in the red by over one-million dollars.
Wednesday in Council Chambers there was a meeting of the minds, where select department heads, the Mayor and several Councilmen and the Police and Fire chiefs were available to answer any and all questions from the local media.
One question that was asked by Sheridan Media during the conference, was if the City is looking at the possibility of laying off employees similar to what occurred last year.
Sheridan Mayor Dave Kinskey responded by saying that it's too early to tell as department budgets are still being finalized, but that they will do everything they can to avoid that situation.
The Mayor pointed out that tapping into the City's reserves would only be temporary at best.
Police Chief Richard Adriaens says that when times are tough, it can actually provide a unique opportunity.
The Mayor also said that the determination of the department heads is to come up with a budget that's sustainable for not just next year, but over a five year period. The City Council will begin holding budget work sessions Tuesday, May 3rd.