City officials facing nearly $3M deficit; must cut expenses
Published: June 26,2013
GULFPORT — Gulfport officials must cut expenses for the coming year to avoid a potential budget deficit of $2.8 million.
A majority of council members said during the first work session on the budget yesterday the economy is too bad to subject residents to a tax increase.
Revenue is stagnant, and federal grant funding for the police and fire departments will be down $1.1 million. In addition, the city has removed rent revenue from private casino development in the harbor because financing has failed to materialize.
The Sun Herald reports the administration had proposed a projected increase in court-fine collections, but the council does not want to count on it. Councilman R. Lee Flowers said past projected increases have not come through.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- NEW IN MADISON COUNTY — Mississippi Bio-Medical Business Collaboratory to be introduced Friday
- Mississippi Film Studios signs contract with New Orleans company
- MDOT cutting more than 40 jobs in Right-of-Way Division
- Granddaughter of Barq's Root Beer founder dies at 90
- Turner Grain’s transition will help consolidate lawsuits alleging breach of contract
- GreenTech holds grand opening of neighborhood electric vehicle plant
- Mars Food expanding Delta plant; investing $31M and adding jobs
- Board authorizes sale of company that owns Silver Slipper Casino
- JRA plans image makeover, hires crisis manager