On today's date in The Beacon archives, we published:•Are you smarter than a Fox News viewer? How about CNN? (2011)
v mail: (513) 685-0678
e mail: click here
Posted by Justin Jeffre
Councilman Winburn is warning that the city’s deficit for next year’s budget will be between $15 million and $25 million. He’s calling on council to use the estimated $14 million in 2013 casino revenue to offset the deficit.
According to Winburn his estimation comes from the city and doesn’t include any city budget adjustments or revisions. They are:
1. Approximately $24. 8 million automatic budget cuts in 2012
2. City may lose approximately $5 million in 2013 relative to local government funding.
3. City may lose approximately $8 million in 2013 relative to estate taxes.
4. City may experience increase in healthcare cost, non-personnel cost, and gasoline cost that may contribute to the 2013 city budget deficit.
He also notes that council used $24.8 million in onetime sources to balance the 2012 budget deficit. $11 million came from Convergys because Convergys failed to live up to the agreement with the city to create the number of jobs they said they would when they city gave them $50 million. And there were $13.8 million in carry over funds.
Anonymous comments are allowed, but you can create an account above to stamp your name and to avoid typing the anti-spam code.
If you are not familiar with our rules for leaving comments, click here! The Cincinnati Beacon is not responsible for the contents of any comments. Comments do not represent the views of the moderators of The Cincinnati Beacon.Commenting is not available in this weblog entry.