Jeffersonville Mayor Mike Moore today announced over $1.1 million in cost-saving measures to help the city deal with the impact of COVID-19 on the city’s budget.
As part of those cost-saving measures, the Aquatic Center will remain closed for the summer saving the city about $349,000. Under Governor Holcomb’s plan, the Aquatic Center could have opened July 4. There will be no summer camp at the Spring Hill EnVision Center saving $39,500 or bingo at the Ken Ellis Senior Center saving another $2,600. Meanwhile, concerts at the RiverStage have been cancelled through June saving $22,000.
“While the city is still in strong financial shape, we must tighten our belt just like everyone else as we navigate these unprecedented and uncertain times,” said Moore. “The downturn of the economy will likely impact the city’s revenue over the next several months. We just can’t keep dipping into the rainy day fund and cash reserves to maintain the city’s strong fiscal footing. It requires us being fiscally conservative if we are going to avoid disrupting essential city services and furloughing employees.”
Moore also has placed on hold plans for improvements to parts of New Chapel Road including sidewalks. This project was to cost approximately $700,000.
“These steps aren’t easy, but necessary,” said Moore who said the city will have a better understanding of the city’s finances next month when it receives its first property tax disbursement. “We can’t ignore the fact that COVID-19 will impact the city’s property tax and income tax revenue. We’ve already seen a drop in our share of gas tax from the state because of the stay-at-home order.”
Moore has further directed all city departments to refrain from any non-essential capital purchases while suspending all city related travel as a way to control spending.