Toward the end of the comments section of our Thursday post, we suggested the first quarter revenue reports for this fiscal year should not be a cause for financial management panic.
Which begs the question -- when do we think we may be inclined to panic?
Short answer -- by the end of the third week in December.
Eight months of the City's fiscal year will have elapsed by that point in time. The shopping season will have been well underway and coming to a close. Some new businesses will be open and operating, possibly providing that hoped-for uptick in local sales taxes. The second installment property tax bills should have been sent out by the shitsqueaks working in Crook County by then. And we will have eight months worth of expenses and revenues to look at, and the ability to gauge the City's financial picture much better.
If expenses have risen sharply and revenues have taken a corresponding dive, then we are going to panic.
We will also be frantically paging through the City budget to see what if any expenses can be eliminated in the fourth and final quarter of the fiscal year so as to avoid another abysmal year of big budget deficits.
You may recognize our panic because we will be the people who've pulled Christmas stockings down over our faces while mainlining some liquid holiday cheer.