By Liset Marquez, Inland Valley Daily Bulletin
Posted: 01/20/14, 6:57 PM PST |
UPLAND >> It is going to take more than a list to save the city from possible bankruptcy.
Instead, the city’s Fiscal Task Force has produced a seven-page letter setting the foundation it believes is needed to ensure Upland is viable in the future.
Four members of the task force are expected to present its findings on Jan. 27, recommending the City Council review its current financial situation by addressing short-term and long-term solutions such as employee pensions and business license fees.
The goal for the 10-member committee had been to identify the top 10 provisions — out of 47 — that could help generate up to $7 million in savings to the city’s general fund.
Task force member Anthony Ghosn said the group decided to go beyond that and take a holistic approach, advising organizational and financial remediation so that the city doesn’t find itself in this scenario again in the near future.
“This is a package that needs to be implemented for the long-term health of this city. If this ‘medicine’ is implemented, your grandchildren will not be looking at bankruptcy or being incorporated by the county,” he said.
As the memo to the council, city manager and attorney states, Upland has been in this financial situation twice in 12 years and the third time in the span of 20 years.
To read entire story, click here.