City finance committee looking into conserving nearly $1M
WILLMAR -- City Administrator Michael Schmit is proposing the city not spend $965,477 on equipment and programs in this year's $20.8 million budget to create a reserve to cushion possible state aid cuts down the road.
Schmit said he's not asking for any formal council action, but he is asking council members to recognize the need for long-term planning. The city's $4.6 million Local Government Aid payment in 2009 will be cut by about $270,000.
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