The Village of Yellow Springs plans to spend about a million dollars more than it takes in next year. As a result, general fund reserves are set to drop to their lowest level in recent years.
But the spending increase is intentional, Village leaders said at Council’s Dec. 7 regular meeting, where the first reading of the proposed deficit budget took place.
“I’m aware of the anxiety that people have over the general fund,” Village Manager Josué Salmerón said at the start of budget discussions.
“Those expenditures have been intentional,” he added. “There have been reserve balances that have accumulated over the years and the government has decided to make investments.”