December 15, 2017

Financial Stability

In city government, endurance requires weaving sound economic analysis with policies and practice. We’ve taken many steps to protect our taxpayers and our successes are numerous.

  • $20 million dollars in stimulus funding and grants for Water Filtration and Waste Water Treatment Plant upgrades, bus purchases, road reconstruction, infrastructure improvements, neighborhood revitalization, waterfront and downtown development, residential rehabilitation, marketing, planning and recreational opportunities.
  • Renegotiated sales tax distribution agreement with Montgomery County ensures $500,000 or more in additional dollars to the annual city budget.
  • Renegotiated long-term water distribution agreements with the Towns of Amsterdam and Florida that will generate additional revenues as the economy improves.
  • Negotiated new GAVAC agreement bringing close to $200,000 per year to the city budget.
  • Upgraded bond rating allows the city to borrow for capital projects and equipment at a more favorable interest rate.