OGDENSBURG -- Ogdensburg City Council will hold a special meeting Aug. 28 to discuss the budget and five-year capital improvement plan.
In recent months Purdy warned the council that if Ogdensburg doesn’t alter its financial course soon, the city’s fund balance will be drained within two years. Since then, the city has faced a variety of unexpected expenses and has been shifting money in the budget in order to make up for potential shortfalls.
To address the financial situation, the city has sought help from the state Financial Restructuring Board.
The FRB can also offer grants or loans of up to $5 million through the Local Government Performance and Efficiency Program for undertaking certain recommendations.
At the meeting the council will also hold a public hearing regarding the sale of city-owned property at 111 Lafayette Street and another hearing regarding changes to parking regulations.
An additional amendment to the special meeting agenda was made Monday to include an executive session regarding litigation, but did not details were not provided.
The meeting will be held Aug. 28 at 7 p.m.