Live reporting - budget update

I. SUBCOMMITTEE REPORTS

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