Reno city budget outlook gets bleaker
RENO (AP) – The Reno City Council has learned that the city’s budget deficit has grown by $5.2 million for the fiscal year ending in June.
The new figures mean the number of employees facing layoffs could double to 300.
The council was told Wednesday that the loss in revenue was mainly due to a decline in consolidated taxes.
City Finance Director Mary Ann Parrot says for the 2011 fiscal year, a projected drop in business licenses, consolidated taxes and property taxes may push a previous budget shortfall estimate of $15.2 million to $30 million.
Mayor Bob Cashell says the city is trying to get employee unions to agree to concessions in wages and benefits that would reduce the number of layoffs needed to balance the budget.