HR City Financial Health Recovering From Pandemic

Hood River City Finance Director Will Norris told City Councilors on Monday that the City’s financial health is recovering well after COVID-19 had negatively impacted reveunes.  Norris says the first quarter fiscal report shows an estimated pandemic total revenue loss of $1.83 million has been almost completely offset by American Rescue Plan Act funds.  He adds many revenue streams have returned to normal.  Norris noted current projections show the City would end the fiscal year with an ending fund balance of a little over $4 million, primarily thanks to the federal recovery funds.

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