City adopts 5-year budget

Sidney is adopting a five-year budget.

A five-year budget anticipates revenue and expenses over a five-year period and allows the city to plan and adopt accordingly, David Scott, financial director, said.

“Clearly, you don’t know exactly what you’re going to have for revenue, what property and sales taxes are going to be four years from now,” Scott said. “The city needs to take a look at the bigger picture, look at the future and see what they’re going to have and how that’s going to work.”

The advantages for Sidney are many, Ed Sadler, city manager, said.

“This will enable us to do longer term planning, will most probably improve our bond rating and will allow us to do better planning for utility rate development,” he said.

The budget is prompted, in part, by recent city events.

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