Wednesday, June 9, 2010

Laredo Budget

City faces shortfall of $16M for budget year

By Zach Lindsey
LAREDO MORNING TIMES
Published: Wednesday, June 9, 2010 3:41 AM CDT
Between revenue shortages, new expenses and plummeting property valuations, the City of Laredo faces a nearly $16 million budget shortfall while drafting the 2011 fiscal year budget.

City staff is looking at ways to deal with the shortfall.
  • 10-20% cuts in operating budgets for non-contract departments
  • Layoffs (unlikely)
  • No replacements will be hired if somebody leaves his/her position
  • Employees taking days off without pay (unlikely)

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