Showing articles 1 - 1 of 1 tagged as "mid-yer budget update"

Mid-year city budget update

The city is spending more than it is bringing in, and even though that’s normal for this time of the year, officials need to make changes to keep spending under control and keep the budget on target. According to the mid-year budget report presented to the City Council Tuesday, expenditures are at 50 percent of projections, and revenues are at 36 percent – about 14 percent less than anticipated. This is typical for this point in the fiscal year, Finance Director Leyne Milstein told council members Tuesday – but adjustment is still necessary. “Without these recommendations, we will not be able to balance our budget,” Milstein said. It’s not all bad news, though. The 2010-11 fiscal year

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