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2020 windfall in county, city budgets
By Josh Ellerbrock - jellerbrock@limanews.com
LIMA Both Allen County and the City of Lima are heading into 2021 with multi-million dollar increases in their rainy day funds thanks to a combination of budget cuts and CARES Act dollars propping up revenues in 2020.
More specifically, Allen County expects to add $1.9 million to its cash balance bringing it to $4.3 million. The City of Lima is on track to add $8 million to bring its total to over $10 million.
In March, the two local governments expected to see major revenue reductions due to the coronavirus pandemic, but as cuts were implemented, they ended up making back their dollars. Allen County, for example, requested that each department find ways to cut 10% of their expenditures. Similarly, the City of Lima implemented a hiring freeze to lower spend through attrition.