News

Cities Can’t Rely on Reserve Funds

Cities Can’t Rely on Reserve Funds

Amy Leon Photo: WNAX


While the first three months of city sales tax collections have been very good, future returns are expected to crater due to effects of the pandemic.

Yankton City Manager Amy Leon says they don’t have reserve funds to rely on…

Leon says the best hope is for a quick recovery…

Leon says they are already pulling back on budgeted spending….

Leon has said she is looking at cutting the current budget by ten to fifteen percent.

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