During a meeting this week, Councilman
Bedont, director of finance, said revenue has increased this year by
"We need to be able to pay
He estimates the financial shortfall for 2014 would be about
"Is it going to be close?" Bedont said. "Absolutely. I feel pretty good at the end of the year."
Jacobelli said he is not as optimistic.
"I still have my concerns," he said. "We have obligations to pay. I'm not going to sit here and say everything is fine.
"I just paid
An audit showed
Bedont said paying off the 2013 pension contribution "is not an issue."
"We're not going to eradicate all pension loans in one year. We're going to put a big dent in it this year. Hopefully, we're back where we need to be next year," he said.
Jacobelli, who took office in January, said he isn't sure where the city stands financially, claiming Bedont has not kept the mayor up to date.
"You don't know where we are?" Bedont asked. "You've been here for six months. There's no intent to demean the mayor. He's done a fabulous job. He's come up to speed very quickly. But when things are being quoted in the paper without knowing everything, I really get hurt by it. I do owe him a sit-down."
Bedont said he has been transparent about city finances. "I do not hide anything. No one has been more forthright than I have," he said.
Council rejected a measure that would have allowed residents to decide through a ballot referendum in November whether they want to retain a paid fire department or rely on volunteers.
While Homan pegged the savings at between
City residents pay 32.62 mills in taxes, as well as 82.72 mills to the school district and nearly 21 mills to
"We've reached the maximum," said city attorney
Jacobelli said the budget deficits point to the need for hiring a city manager. Council is interviewing candidates and hopes to hire a manager by September.
"Then we'll see real budgets that mean something," the mayor said.
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