Finance Committee · May 28
Committee members debated budget amendments and expressed concerns regarding the accuracy of fiscal projections to avoid unexpected budget crises.
- While the city budgeted $6 million for police overtime, the actual cost hit $9 million. That is a $3 million gap. Alderman Bugg didn't mince words, stating that such a discrepancy felt like a 'lie' regarding the city's actual fiscal planning.
- This isn't the first time. Committee members noted that 'surprises' and 'budget crises' have plagued previous cycles. To combat this lack of predictability, the committee has agreed to hold a mid-year revenue and budget review in August. Residents deserve better forecasting.
- The amendment now moves to the Committee on the Whole. We will continue to monitor how these unpredicted costs affect Aurora taxpayers.