Aldermanic Budget Committee Looks to Close $10M Shortfall
ST. LOUIS (KMOX) – It’s been a brutal winter, and sales tax revenue fell for the city of St. Louis.
That’s one reason why the city is facing a $10 million shortfall to fix for the fiscal year that starts July 1.
Aldermanic Budget Committee Chairman Terry Kennedy says in budget hearings this week, they’re looking for ways to trim fat without too much pain.
“The first thing would be for each department to look at a small percentage cut in their budget, without that impacting the employees—doing furloughs, or releasing people, or cutting services,” he says.
Mayor Slay’s Budget Director Paul Payne will outline his solution for a balanced budget. It includes $4 million in cuts and $6 million in revenue re-allocation.
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