Wednesday, April 1, 2009

Live reporting - budget update


Chris Feeley - Budget Subcommittee

Budget update:
  • Revenue estimated to be $225,000 less than current year
  • lots of items in flux
  • hotel/meals tax at State undecided
  • Federal stimulus money to arrive but not sure about any restrictions on it
Started with a 4.9 million dollar hole to file with additional items happening, we are getting closer, may not be as bad as when we started

The projected deficit is now between $500,000 and $3 Million depending upon what happens

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