Summary
The Second Quarter FY16 QCMR provides an updated financial outlook, highlighting stronger-than-expected tax revenue as a key driver of increased revenue projections. Obligations have also risen, primarily due to higher staffing and pension costs, as well as overtime spending in public safety departments. The operating deficit is projected at $85.3 million, an improvement over initial projections, helped by prior-year adjustments and higher-than-expected revenues. Public service performance indicators showed improvements in trash collection efficiency and permit processing, though overtime usage remains a fiscal concern. The year-end fund balance projection of $85.3 million is $15.9 million higher than originally anticipated, reflecting better revenue performance and expense controls. The report recommends continued fiscal oversight to manage growing expenditure obligations​.