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finances

2016-02-06_Riverchase_Galleria_01.jpg

Photo courtesy of Robin Schultz/Bluff Park Drone.

Hoover is known as a retail hub with one of the highest income levels in the state, so some people may wonder how the city could be facing financial difficulties. more

News 1 Comments

Frank Brocato 4-16-18

Still shot from video by Jon Anderson

Mayor Frank Brocato asked the council to work with him to address projected budget deficits by the council's June 4 meeting. more

News

City of Hoover logo - council chambers

Photo by Jon Anderson

The city could have a $17.9 million funding gap by 2022 if more is not done to cut expenses or address sluggish tax revenues, a financial consultant from Porter, White & Co. said. more

News 3 Comments

Hoover City Schools flag

Photo by Jon Anderson

It's a dramatic turnaround from many years of deficit spending and the $1.9 million deficit that was projected when the 2017 budget originally was passed in September 2016. more

Schools 7 Comments

COVER---FinleyRecBball2.jpg

Photo by Sarah Finnegan.

Complex revenues lower than expected, but new tenants, bookings create optimism. more

News

General fund revenues rose by $1.5 million to $111.4 million in fiscal 2016, according to unaudited financial figures. more

News

stacks of cash

Image courtesy of yodiyim at FreeDigitalPhotos.net

The school board voted to pay off some debt issued in 2010, refinance what's left of a 2005 bond issue and shift $50 million into U.S. treasury bonds. more

Schools 1 Comments

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Hoover Sun September 2018