Explaining the budget

We’re seeing a power point presentation on budget woes. Job loss has accelerated in the past three months. Business and Occupation tax may not be dropping as fast as retail sales tax but it’s dropping significantly. Library funding is taken from B and O tax. Full revenue figures will be available on April 6. Ben Noble has just stated there is no reason to believe there will be a change in 2010. He is stating that we anticipate a 40 million dollar shortfall in 09 revenues and that the reductions needed to balance the budget for this year will likely have to be sustained in 2010.  “It’s a grim story,” Councilmember Godden has just said in summary.

One thought on “Explaining the budget

  1. I’m anxious to read about how the testimonies go. I wish I could have been there tonight. I will attend all the April meetings you’ve announced you need help with.

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