Norman City Council is facing a potential deficit on some capital projects in the Fund as revenue continues, according to city officials.
In a Tuesday meeting on the mutual fund and financial reporting, city CFO Anthony Francisco told the city council that the budget for new pay-as-you-go projects is expected to be $ 650,000 by the end. for fiscal 2021 and $ 471,000 for the following year. The forecast for the fiscal year ending in 2023 is in the red and forecasts $ 1.4 million for new allocation projects.
“If the council wants to add projects beyond what we are …
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