The recession is taking its toll on city finances.
The city ended its most recent fiscal year with a budget shortfall of $1.46 million, according to the comptroller’s office, and is eyeing another deficit this year that could total more than $1 million. Read the whole story here.
Next year looks even worse
The city’s budget picture for next year is looking ever more ugly.
Finance officials said this week they believe it will cost $8 million more than the $170 million in this year’s city spending plan just to keep city services and schools plugging along.
But coming up with that much more money is going to pose some tough choices. Read the whole story here.
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Copyright 2009. All rights reserved.
Contact Steve Collins at scollins@bristolpress.com
12 comments:
stortz was right all along
Time for the council to get off its ass and get to working on the budget.
9:39 AM, No you weren't Bill.
2:29
Show me where he wasn't correct.
And many people other than stortz think he is/was correct.
No Problem, the Mayor eliminated the employees Christmas party.
Of course it didn't take tax dollars, but the mayor did take BOLD DECISIVE action!
Funny this comes out after the election. We all know the figures were available before that & if (big if) they weren't then the accountants should be fired.
8:02
Between Kloko and Rosenthal, we are on a slippery slope.
7:11 PM, Sorry you didn't get your egg nog...now get over it.
So this is what the Ward leadership has given us - the blind leading the blind. We are all doomed as long as Ward is in office.
8:29
Hope YOU can get over the mess Artie is making of our fine city.
COSTING 8 Million more means they are SPENDING 8 Million more, or 4.7% more.
Why????
Where are the reductions, not including layoffs?
Specifically, where are the huge increases?
11:37
Guess the Mayor isn't talking!
Don't blame him, he has created a mess!
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