City of Perry’s cash reserves have dropped from $16-17 million to $6.5 million over past 15 years

Posted on March 19, 2021

Over the past 15 years the City of Perry’s unrestricted cash reserves have dwindled from an estimated $16-17 million down to less than $6.5 million — not including $2.3 million or more expected to be needed in the current budget
year.

The city council voted to pull approximately $90,000 from its cash reserves last year in order to balance a budget shortfall — even after raising property taxes (2.2%) and increasing utility fees.

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