No Layoffs Expected at City Hall in 2013
City presents 2013 budget to Lakewood City Council.
During the past several months, officials at Lakewood City Hall have been head-down, working to finish next year’s budget. And last week, Mayor Michael Summers presented the 2013 budget to Lakewood City Council. Not unlike last year, the news wasn’t fantastic, but the budget is “structurally balanced.” The projected $33.3 million of revenue in 2013 is nearly $2.75 million less than the $36.05 in 2012 — meaning that the city will be working with revenues “comparable to the 2002 levels.” Summers has said there are a few reasons for that. One of them is a 50 percent cut to the Local Government Fund. In addition, the state eliminated the estate tax. A 4-percent reduction of the property tax — because of dropping home values — hasn’t helped …
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Christina Cocchiarale Ward
8:23 am on Tuesday, November 20, 2012
Why layoffs? Why can't some (or all of them) take a pay cut to help? Makes a heck of a lot of sense to me. more ›