At last night council meeting, Stacy Lemos, Finance Director presented the budget estimates for 2010 & 2011.
As a result of state revenue cutbacks, less building and less fees, & less sales tax revenue, we are looking at a $1.2M shortfall in 2010 & $1.4M in 2011.
Read what The Explorer says about the issue here.
http://www.explorernews.com/articles/2009/09/16/news/doc4ab01d2a8151d832094779.txt
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