The Inside View Episode 005

Ralph Renzulli returns with another edition of The Inside View. The Office of the State Comptroller released an updated report on the City's financial status last week, following up on their June 2021 report. At that time, the city had been given 90 days to develop a corrective action plan. This year, they conducted an Audit of the City "To determine whether the Common Council (Council) and officials adopted realistic, structurally-balanced budgets; routinely monitored financial operations; and took appropriate actions to maintain the City’s fiscal stability." Mayor Deborah Kaufman sat down with Renzulli to explain the report and what it means for the City.