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Certainly a projected surplus is better than a realized deficit.
A 1 year $5,500,000 surplus hardly means the long term fiscal health of the city is in great shape. If we were in great shape the city wouldn't be planning 5 years of max tax increases (which most will go to pay for pension & OPEB, not actually funding city operations). Plus nearly half of the projected revenue is going to plug a government (schools) deficit. Not the Rainy Day fund or city infrastructure. So really about a $3,000,000 projected surplus.
Let's hope it is realized.
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