The City is taking steps to make up their 5.7 million dollar deficit in the 2014 budget. They approved a 2.49 million dollar debt reduction strategy Monday night. Extra spending was required for snow removal, legal services, police and several other areas. Council voted down increasing the tax levy to cover the cost over run and instead will take 1.6 million dollars out of a reserve fund.
Monday, April 28, 2014
Debt Reduction Approved
The City is taking steps to make up their 5.7 million dollar deficit in the 2014 budget. They approved a 2.49 million dollar debt reduction strategy Monday night. Extra spending was required for snow removal, legal services, police and several other areas. Council voted down increasing the tax levy to cover the cost over run and instead will take 1.6 million dollars out of a reserve fund.
