At a budget meeting Thursday night, Marshall City Council members met with city staff to get their first snapshot of projected revenues and expenses for the 2007-2008 fiscal year.
With staffing, capital projects and services at current levels, Marshall could be facing an $847,000 shortfall, Marshall City Interim Clerk Tracy Hovarter and City Manager Chet Travis told the city council at a special meeting Thursday.
“The directors cutback even more and I went over the numbers again and right now, we’re looking at a $386,000 shortfall,” said Hovarter at a meeting to seek direction from council on how to proceed with planning on the path to an April 2 balanced budget proposal.
By city charter, the city must present a balance budget to the city council by the fist meeting in April.
Though the council agreed without voting that raising taxes is not an option, service cuts and layoffs are not out of the question.
See the March 19 Chronicle for more on the grim budget picture facing city leaders this next fiscal year.
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment