‘Disaster’ budget year ahead for Jefferson City
Wednesday, May 23, 2012
Jefferson City is bracing for a rough budget year in 2013, as it can no longer rely on a windfall from companies making large back-tax payments.
At the Finance Committee meeting Tuesday, the committee discussed the coming budget process for the next fiscal year, which will begin at the council level in late July. After discussing a new format for the budget sessions, Finance Director Steve Schlueter said the council will have to deal with cuts this year as revenues likely will be under $30 million.
“Revenues can only be down,” Schlueter said. “I told you ’13 would be a disaster.”