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.
(TM and © Copyright 2014 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2014 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed.)
MORE LOCAL NEWS:
- Local Liquor Store Cancels Appearance by Rapper 50 Cent
- 5 Hurt, Including 2 Officers, After St. Louis Fire
- St. Louis Population Trends Mean an Aging City
- U of Illinois Students Required to Take Minority Culture Class
- Study Shows Biggest Loser Candidates Regained Weight Over Time
- St. Charles Considers Sales Tax Hike