Auburn Facing Uncertain Financial Future

The city of Auburn's Audit Committee has a warning: something has to change, and they say it has to change immediately. Last night the committee revealed that the city's rainy day fund could vanish by next year, after an external audit was done on the 2012 to 2013 fiscal year showed the general fund lost nearly three million dollars. Mayor Mike Quill, who's on the committee, tells Finger Lakes News Radio that it's a lot like something that could happen to you or me.

The committee is suggesting the city declare themselves in a state of "high fiscal alert," but Quill says he's against using that harsh tone.

Quill says it's not too late to reverse this trend.

Although the committee has sounded the alarm, Mayor Quill says they aren't in a position of having to recommend solutions.

We asked the mayor what happens next.

Quill says he's confident that the city will recover.

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