1. #1
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    fyrmnk's Avatar
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    Default What does your city keep in budget reserves?

    Hi all, trying to get some idea of what other cities are keeping as their general fund reserves in their budgets, especially those that are cutting firefighters or considering it.

    The reason I ask, some cities such as mine keep high reserves in hopes of increasing their bond ratings, however refuse to revisit that when cutting public safety.

    We are facing possible public safety staffing cuts for the upcoming budget year (after losing several employees in several other departments this past budget year). However, a few years back they went from a 10% budget reserve to now keeping between 25% and 30%. We realize bond rating improvements save money, but there is a point where jeopardizing lives to do so has to be balanced, hence the info gathering.

    Unfortunately like many of you, we are already significantly understaffed, so we are doing what we can to get as many facts as possible.

    Thanks for any help you can provide. You should be able to google your city, state, and "budget reserve" to find the info if you're willing to assist. Thanks and stay safe. Kevin
    FTM-PTB-RFB
    IACOJ

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    Quote Originally Posted by fyrmnk View Post
    Hi all, trying to get some idea of what other cities are keeping as their general fund reserves in their budgets, especially those that are cutting firefighters or considering it.
    A lot more than they want people to know, especially since they are talking station closings and ff lay-offs.
    If your going to cry about doing the job you signed up for do us all a favor and quit, there are plenty of dedicated people standing in line for the best job in the world.

    Firefighter/Paramedic

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    From what I know about the subject, most experts consider 15% to be acceptable and 20% to be the preferred.

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