The Lima City Council Finance Committee kicked off its first day of 2020 budget review. The hearing began with a general review of the 2019 and 2020 budget. The estimated budget for 2020 is 38.2 million dollars, which is 5 percent more than last year. This is because of a union labor contract and increased healthcare spending. There was a carryover cash balance of 7.6 million dollars from 2019. The city's finance director expects the 2020 cash balance to remain above 7 million dollars. Overall he says the budget for 2020 is in good shape.
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