Erie City Council received a detailed look at potential solutions to the city’s ongoing budget deficit during a public study session Wednesday night, as representatives from consulting firm Public Financial Management (PFM) presented a series of short-, mid-, and long-term recommendations.
The presentation focused on strategies aimed at improving the city’s financial stability while addressing a projected budget gap that officials have been working to close.
Among the recommendations was a review and possible renegotiation of the city’s contract with the Erie Parking Authority, which consultants identified as an area that could potentially generate additional revenue or cost savings for the city…