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City of Sturgeon Bay in "good shape" financially

Despite seeing a potential shortfall of revenue totaling $96,000 because of the COVID-19 pandemic, the City of Sturgeon Bay is sitting in a relatively good financial position to handle the impact right now. Tuesday's Sturgeon Bay Common Council meeting gave city councilmembers a chance to hear from Brian Anderson from WIPLI's CPAs and Consultants of Madison.  Anderson shared a snapshot of an audit of the city's financial statements from 2019.  The opinion was that Sturgeon Bay’s finances look to be in relatively good health.

 

 

The City Council also considered the Financial Management Plan that showed the potential lost revenue from room taxes and user fees this year along with additional costs incurred from the COVID-19 pandemic, including $22,000 in precautions taken during this past April's election.  The city could practically balance the shortfall by delaying the hiring of two positions, including an assistant administrator.  Other action taken Tuesday evening included ratification of resolutions that waived sidewalk cafe permit fees this year and delaying payments for Class B Beer and Liquor licenses for 2020-2021.

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