But concessions are a big ‘if’ at this point.
Public employee unions, namely police and firefighter groups, must first approve a wage and health insurance reduction to the tune of $684,000. Collective bargaining negotiations are ongoing.
Several other assumptions have been made to close a $4.6 million deficit, each of which must be formally approved by the City Council in order to take effect.
More than $2.2 million in cuts have already been approved as part of the Sparks Sustainable Services Initiative, which reorganized and restructured city departments and personnel.
The largest portion of the remaining cuts needed to balance the budget will come from reducing the stabilization fund by $900,000.
The rest will mostly come from $250,000 in services and supplies cuts, and $531,000 in savings as a result of a proposed hiring freeze or reduction in capital spending.
However, if one or more of these proposals is not approved, finance staff will have to sort through an array of options, most of which come in the form of layoffs and elimination of vacant positions, to fill whatever void remains.
Because finance staff has recommended a new $200,000 expenditure to support training programs for city workers, the prospect of having to resort to layoffs might be greater than initially anticipated.
Proposed expenditures for the next fiscal year total just less than $50 million, down more than $6 million from actual spending just two years ago.
Finance staff has reported a greater than $16 million drop in base revenue since the economic recession hit in 2007.
The City Council will hold a budget workshop on May 17, where final direction to finance staff and possible approval of the tentative budget will be given.
A final budget must be submitted by June 1.