“I look forward to developing the city budget,” he said. “We still don't have accurate revenue projections. The league has not presented us revenue projections. We're waiting to obtain the projections.”

Those revenues include items such as Powell Bill funds and state sales tax figures.

(The work session will be held Thursday at 3 p.m. in the first floor conference room of city hall on Roanoke Avenue)

Scherer, answering a question by Councilman Carl Ferebee, said he anticipates receiving the information this week. “Maybe on a couple of cases we will have to make assumptions.”

Mayor Emery Doughtie asked Scherer about the status of Senate Bill 369, which focuses on redistribution of sales tax revenue.

“The sponsor is trying to tweak it,” the city manager said.

The city lost 5 percent of its revenue in the countywide property revaluation, Scherer said. “Based on the numbers turned in, that's about $50,000 in lost revenue.”

Scherer said following the meeting getting the revenue projections from the state will be key in determining what the city can and can't do with the budget for the upcoming fiscal year.

The loss from the revaluation should not prove crucial in determining the financial plan, he said. “I think we're very fortunate we didn't take that big a hit.”