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National And International Factors Impact Local Budgets

By Gordon HopkinsWhile currently stable, the City of Fairbury’s finances are likely to be heavily influenced by national and even international factors in the future. That is the assessment of former City Administrator Jacob Matthews, who presented his proposed budget at a meeting of the Fairbury City Council on Tuesday, September 6, 2022.A public hearing was held that day to give citizens the opportunity for input.In that proposed budget, Matthews said, “Even though the city is in a strong financial position we must acknowledge that up until recently, economic and geo-political conditions have been fairly stable, predictable, and did not re...

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