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The city of Lancaster will continue to use cash reserves to pay the municipality’s bills in the upcoming months.
Finance director James Absher provided the information to City Council during his monthly report at the Tuesday, Sept. 24, council meeting.
Absher said that practice will end once the city receives this fiscal year’s funds in January.
The fiscal year runs from July 1 through June 29. Absher said the city will have to use approximately $2 million in reserves to cover their costs until Dec. 31.
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