In an otherwise gloomy budget year, the City of Prescott is dealing with at least one positive element: Its annual required payment to the Public Safety Personnel Retirement System (PSPRS) is going down, not up.
For much of the early summer, the 2,250 to 2,500 drivers who use Prescott’s Smoke Tree Lane each day will be dealing with street closures and detours.
Within 10 days of applying for a federal Paycheck Protection Program loan in April, the Prescott Brewing Company received a payment of just over $400,000.
None of the sides got everything they wanted, but each of the three parties in the Granite Dells development negotiations apparently got enough to move the process forward.
In its first public-attendance meeting since the start of the COVID-19 shutdown, the Prescott City Council will consider a change in its pension policy, as well as two large paving contracts.
In normal economic times, the City of Prescott would be gearing up this month for the $6.1 million reconstruction of downtown-area streets, Penn Avenue and Eastwood Drive.
Even though sales tax revenue is expected to be down by millions of dollars because of the COVID-19 pandemic, the City of Prescott will not be raising its property tax in the coming fiscal year.
From employee raises to street projects, COVID-19 is taking its toll on the City of Prescott’s upcoming fiscal-year budget.
Contingencies and deferred projects will be typical of the proposed 2020-2021 budget that the Prescott City Council will consider this week, says the city’s budget and finance director.
When and if Prescott and Prescott Valley move ahead with a public transit system funded by the CARES Act, it likely will be on a smaller scale than originally contemplated.