Link to July 24 Daily Union online article.Excerpt: Due to the recession, Petre said, the county could end 2009 fiscal year with a deficit. He said current projections show that investment revenue is estimated to be $400,000 under budget, and sales tax revenue is projected to be approximately $800,000 under budget.
To help address these issues, county departments have identified an approximately $1.3 million expenditure reduction and revenue increases to help offset the losses, Petre said, adding that the plan is to carry forward those concepts into the 2010 budget, as well to maintain that level of savings.
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