City general fund projected to end year in surplus

Thanks to the use of federal CARES Act funds to offset wages, and not as bleak a year as had been expected for sales tax revenue, the city general fund is projected to close out Fiscal Year 2021 in the black anywhere from about $100,000 to $800,000.

However, the next fiscal year starting July 1 is less certain, according to reports at a borough assembly workshop Feb. 9.

"This paints a really great picture for FY21, but I need to caution you for FY22," Borough Manager Lisa Von Bargen said in the workshop.

Looking ahead to Fiscal Year 2022, Von Bargen said assembly members need to remember that...


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