Tuesday, May 05, 2009

To tax... or not to tax??

While some folks insist that all governments do (local or otherwise) is attempt to grow, I'm finding more and more examples of local governments forced to explore spending reductions. It is good to see.

From this article here

More employee layoffs and the elimination of many recreational programs will be part of Gilbert Town Council meeting Tuesday as members vote on $12 million in proposed budget reductions.

The cuts include layoffs of at least eight current employees and the elimination of all special events, youth sports and teen and special needs programs.

Employees not let go would be required to take 12 days off without pay during the upcoming fiscal year, according to a newsletter sent to employees by Town Manager George Pettit Thursday afternoon. The fiscal year begins July 1.

Town officials have projected a spending shortfall of roughly $15 million over the next five years due to continued weakness in the economy. The service reductions and layoffs will save the town about $4 million and the employee furloughs another $2.5 million from the general fund, where most daily operations are funded.

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