Thursday, May 7, 2009

County and City Revenue Shortfalls

Link to May 6 Wisconsin State Journal article, "Dane County, Madison struggle with revenue shortfall".

Excerpt: Dane County is considering layoffs as it faces up to a $6 million budget shortfall this year if sales tax and other revenues continue to fall short of predictions.

The city of Madison is also projecting revenues could come in about $3.5 million short this year, and Mayor Dave Cieslewicz, who is still gathering numbers, can’t promise layoffs will be avoided.

Meanwhile, Gov. Jim Doyle on Wednesday told Cieslewicz and other mayors that cities should expect cuts in aid next year. Madison could see a 5 percent, or about a $435,000, cut in state shared revenue and possible reductions in other aid programs, Cieslewicz said.

"I am very concerned," the mayor said.

Dane County may also see $3.5 million in state aid cut, Dane County Executive Kathleen Falk said.

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