Cheyenne Mayor: ‘The City is in Good Shape Financially’
Outgoing Cheyenne Mayor Rick Kaysen says he's leaving the city in a "much, much better position financially" than when he took office eight years ago.
Speaking about his accomplishments during his final press conference Thursday morning, Kaysen said one of things he's most proud of is the city's fiscal position.
"We have grown our reserves to over 140 days of operating revenues," said Kaysen. "That means if no dollars are coming into the City of Cheyenne from the revenue sources we could go out and last 140 days without any further funds coming in."
"When I took office we were right around 30 days and that was not acceptable," Kaysen added. "So kudos to my co-workers who've been able to make that work."
Kaysen says good fiscal management and good discipline on the expenditure side have left the city "in good shape financially."