By Liset Marquez, Inland Valley Daily Bulletin
Posted: 03/23/14, 6:24 PM PDT |
UPLAND >> Residents now know what steps the city may take to get its finances back on track and possibly avoid bankruptcy.
A report expected to be presented to the City Council at today’s meeting will highlight the top 22 provisions — out of the 47 identified by the Fiscal Response Task Force — to be addressed in the next 12 months. It includes measures such as asking voters to approve a half-cent sales tax, selling a parking lot and asking employees to concede more on compensation and benefits.
Several of the provisions are expected to be brought to the city council as soon as next month, with the majority handled by this summer.
“I share with residents that we’re making incremental progress but these are significant items that will move us forward to where we need to be,” said Councilman Gino Filippi.
In January, the 10-member task force provided the council with its recommendations on how to best proceed with the 47 measures in hopes of generating a savings of up to $7 million for the general fund.
It was only three years ago that Upland had $6.1 million in reserves to its general fund, but by 2012 that figure was $931,501. Despite budget cuts last year, the reserves werer only at $860,439 at the end of the fiscal year.
Staff has begun reviewing all of the items and anticipates providing updates on the implementation schedule, as well as the status of each provision, at the second council meeting of the month.
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