City Council Receives Financial Snapshot

Sheridan City Council held its final regular meeting of the month Monday. It’s still early in the fiscal year, but overall the City of Sheridan appears to be on budget for 2010. Some of the revenue figures were artificially inflated due to some funds receiving 100% of their yearly revenues at the start of the fiscal year. Councilor Steve Brantz had originally called for the monthly financial updates.

Expenses are right on track with the budget, but it remains to be seen whether or not revenues will match projections.

The City Council also considered allowing the Sheridan Housing Action Committee to help determine affordable housing credits. Earlier this year, the Council decided to lower Plant Investment Fees across the board at the expense of budgeted credits for affordable housing credits. Mayor Dave Kinskey explains SHAC’s role under the proposal.

The measure passed the Council unanimously. The next Sheridan City Council meeting is scheduled for Monday, October 5th.

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