Stewart for Mayor

Yes. The City is in excellent fiscal health. Over the past 14 fiscal years, the day-to-day operating budget has grown at a steady and reasonable rate of about 6% per year, consistent with inflation, population growth, and the cost of keeping qualified staff in a competitive coastal job market. The City currently holds $53 million in unrestricted reserves, which is $19 million more than its own policy requires. That is a sign of careful, disciplined financial management.

The total adopted budget for the current fiscal year is approximately $50 million. That number can sound alarming, but it combines three very different types of spending that should not be lumped together:

1.  Day-to-day operating costs: This covers salaries, services, supplies, and routine maintenance. This year, those costs total about $29.9 million across all City departments, a moderate and well-managed figure.

2.  One-time capital projects: These are major infrastructure investments that happen in specific years and do not repeat. For example, the City spent $26 million on the Ocean Outfall project in 2019 (contributing to a total budget that year of $48 million), and $89 million on the new City Hall in 20172018. This not optional spending.

3.  Debt payments: The City pays off past infrastructure investments over time, like one pays a mortgage. That annual debt service cost has grown from $735,000 to $6.2 million, reflecting the cost of financing City Hall, outfall, Beach Patrol and other related projects. Once debt payments are separated out, the growth in true operating spending is even more modest.

No. The City does not have a deficit. The City is wrapping up the current fiscal year with a projected surplus of $1.5 million. It has run surpluses for several consecutive years, and current projections show surpluses continuing through at least 2031.

A fellow commissioner was quoted in the Cape Gazette claiming the city had a $12.5 million deficit. The figure appears to have come from adding up the costs of potential future capital projects, items that have not been approved, funded, or even formally proposed in a budget. That is not how a deficit is defined or measured.

Yes, over time and with careful planning. Each year during the budget process, the Mayor and Commissioners, with input from the public, decide which projects to move forward, when to schedule them, and how to pay for them responsibly. No project is automatically approved just because it appeared in a planning document.

Planning ahead helps the City see what is coming, not commit to it. A multi-year forecast lets City leaders spot future needs early, avoid surprises, and make smarter decisions today. It is a planning tool, not a spending commitment. The public has a say every single year in what gets funded.

Rather than debating a number that does not represent the City's actual financial condition, residents can engage on the questions that matter: Which infrastructure projects should be the top priority? How should the City use reserves that exceed its own requirements? What investments will deliver the most value to residents? How do we maintain long-term financial stability while meeting community needs? These are the real policy conversations, and every resident's voice matters in shaping those answers.