The Daily Gazette
The Locally Owned Voice Of The Capital Region

State: Tough local budget times keep getting harder

Expenses rise, but tax revenue flat and reserves dwindling

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For municipalities, it’s the perfect fiscal storm: decreasing revenue, increasing expenses and a dwindling fund balance. Local governments continue to weather the sluggish economy by tapping reserve funds. But with municipal budgets being much leaner, these accounts aren’t being replenished and some are nearing exhaustion. The state Comptroller’s Office recommends that towns, cities and counties keep about 10 percent of their annual budget in reserve. But with the ongoing fiscal crunch and increasing pressure from ...

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December 29, 2012
9:27 a.m.

[ Flag Post ]

Yes- People dont want to pay more taxes and yes they dont want their services cut- but they DO EXPECT HIGHEST SALARIES TO BE CUT, CITY CARS TO BE CUT, FREEZE ALL OVER TIME, NO DOUBLE DIPPING, NO TO UNECCESSARY EXTRA HIGH PAID POSITIONS LIKE 4 ASSISTANT POLICE CHIEFS, and Force ALL City employees back to living in the City to generate more tax revenue. The City Council and Mayor and not doing what the people who elected them expect and want.