The City of Covington is seeking a new finance director after its current head took the same role at the City of Cincinnati. Steve Webb was hired in August 2022 and served nearly two and a half years in the role. His last day is March 12, according to a city press release. Throughout his […]
Tag: Steve Webb
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Covington’s office market rebounding as work-from-home mandates wane
Covington’s commercial office market is recovering from the COVID-19 pandemic, with a vacancy rate of 13.2% in the second quarter of 2024, down from 20.3% in the first quarter of 2023, and a vacancy rate of 9.5% in October of this year.
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How will Covington pay for its new city hall?
Covington is planning to finance a new city hall with general obligation bonds, which will be backed by the city itself, and is also restructuring its debt to increase cash flow in the face of a deficit caused by work-from-home arrangements.
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Covington proposes budget for next year after weeks of discussion on cost cutting
Covington’s finance department presented a proposed budget for fiscal year 2025 on Tuesday, following weeks of discussions on how to cut costs. The commission will perform a first reading of the new budget at the legislative meeting next week.
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Covington prepares for next year’s budget
The Covington Board of Commissioners and city staff met to discuss the budget for the upcoming fiscal year, where they discussed the city’s overall financial health, spending goals for next year and ways to control expenses.
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Covington releases first quarter financials
The City of Covington’s Department of Finance reported on the first quarter of fiscal year 2024, which went from July 1 to Sept. 30, at Tuesday’s board of commissioners meeting. The city’s budget director, Joel Baker, presented the figures to the commission and meeting attendees. All of the figures presented were unaudited–cities must audit their […]
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Covington’s director of finance honored as finance officer of the year
Steve Webb, Covington’s director of finance, was honored as the Kentucky Government Finance Officers Association’s “Finance Officer of the Year” and elected as the group’s president for 2024 and 2025 at the group’s annual conference in Bowling Green last week. Webb began working for the City of Covington in August 2022. He previously worked for […]
