Electric savings just the start for City of Lima - Hometownstations.com-WLIO- Lima, OH News Weather Sports

Electric savings just the start for City of Lima

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ity finance director, Steve Cleaves, says the city will be getting an 8% reduction in their next electric service contract. ity finance director, Steve Cleaves, says the city will be getting an 8% reduction in their next electric service contract.

The City of Lima is in good financial standing and they want to stay there. So city officials are looking for ways to tighten their belts.

City finance director, Steve Cleaves, says the city will be getting an 8% reduction in their next electric service contract. The city recently participated in a reverse auction where 20 electric providers bid to be the lowest provider which will now save the city $400,000 over the 4-year contract. But that savings is just the start of a budget process where Cleaves says they will be stepping lightly on the brakes when it comes to spending.

Cleaves says the city has spent 3-million dollars in much necessary capital the past year and wants to keep a watchful eye to not spend down cash reserves and to maintain the city's strong financial outlook.

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