HR City Finances In Good Shape Halfway Through FY 21-22

The City of Hood River appears to be in good fiscal shape halfway through the fiscal year.  In a report to City Councilors for their meeting Monday night, City Finance Director Will Norris indicates the City’s revenues and expenditures are balanced with neither a sizable surplus nor deficit to report.  Mayor Kate McBride says their next chunk of federal American Rescue Plan Act dollars was supposed to arrive this fiscal year, but now won’t be in hand until after July 1, but says that won’t cause a problem thanks in part to budgetary actions by past councils.  Norris’ report says city-wide revenues are generally returning to normal as the economy adjusts to the persistent presence of COVID.  The Q2 financial data doesn’t include the largest impacts of the Omicron variant which is projected to peak in Oregon in late January.

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