Like a lot of other communities throughout the region – the City of Geneva is weighing voluntary layoffs to lower costs in the short-term.
A revenue gap of $638,000 or $4.4 million could remain after this is over. With significant uncertainty attached to how much the state and federal government will be able to return to communities across the region – leaders are left looking at the uncertainty with concerns.
Two resolutions will be on the agenda at Monday’s meeting, which is typically a work session – not designed for passing legislation.
“With each passing day, we learn more about the impact COVID-19 will have on our community as a whole and also our city finances,” Gerling and Blowers wrote to Council. “We are grateful to city staff for their continued efforts to reduce expenses and take on more responsibilities to assist our community during this time.
But it isn’t a problem that will go away when the calendar reads January 2021.
“The revenue loss will not be corrected by the end of the 2020 fiscal year. This is a multi-year issue. …The goal right now is to stop the bleeding and focus on navigating our way through the remainder of 2020 with as little of a deficit as possible.”