Mayor issues hiring freeze as city faces budget deficit
Published: August 8,2013
CLINTON — Clinton’s mayor has ordered a hiring freeze and a hold on all major expenditures except for emergencies as the city tries to whittle down a predicted $259,000 budget deficit.
The Clarion-Ledger reports Clinton officials recently learned of the looming deficit, which could grow or shrink depending on incoming revenues to the city between now and the end of the fiscal year on Sept. 30.
The city was projected to begin the current fiscal year with a $318,000 fund balance, with an overall budget of $14.1 million. But spending, according to the city’s latest figures, looks to be $14.7 million.
City Clerk Russell Wall says income was projected too high for auto tag fees, court fines, franchise fees and the collection of prior-year taxes that were past due.
To sign up for Mississippi Business Daily Updates, click here.
Top Posts & Pages
- Molpus closes Fund after more than $662M in commitments
- MSU reminding fans that drones are prohibited at football games
- Politics of paying for transportation: Hand wringing and a lot of talk
- DeSoto County Supervisor Lee dies in ATV accident on his birthday
- Realtors chooses Nita Wingard
- Entergy agrees to cut $35M from its new rate plan
- Researchers: Trapping, not hunting, best way to control wild hogs
- No debate, but Cochran and Childers lobby for votes for Senate
- Kemper County plant will cost at least another $496M to complete