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Goal D

Financial Sustainability

Maintain a fiscally solvent local government with diverse revenue streams for long-term financial health.

Goal D

Financial Sustainability

Maintain a fiscally solvent local government with diverse revenue streams for long-term financial health.

D1.1 Capture more transient occupancy tax-based revenue by continuing to recruit a hotel, exploring feasibility of other boutique hotel development and AirBnB host options.

25%

D1.2 Continue to look and apply for new funding opportunities from diverse sources, especially those that supplement existing federal funding streams (e.g. regional, state, philanthropy).

75%

D1.3 Foster partnerships with relevant philanthropic organizations and other funding institutions to stay updated on upcoming funding opportunities.

75%

D2.1 Assess current internal financial policies and processes to ensure alignment with best practices, making adjustments where needed.

50%

D2.2 Inform the community about the City’s finances and budget on a regular basis to maintain transparency, exploring diverse avenues to share about the City’s finances (e.g. annual e-blast newsletter, webinar).

25%

D2.3 Identify and pursue opportunities that optimize cost-savings for city services (e.g. reviewing and editing procurement policies).

75%

D2.4 Prepare for growing energy demand and costs by updating internal sustainability-based practices to adopt more green energy usage where possible (e.g. City’s vehicles and infrastructure to run on green energy alternatives).

50%

D2.5 Monitor and track grant funding-based spending to ensure internal compliance with reporting requirements.

100%