Lansing Facing $11 Million Budget Gap
FOX 47 News
Photo: Image by City of Lansing
Lansing mayor Virg Bernero is warning that the city is facing an $11 million budget shortfall in the Fiscal Year 2014 general fund that begins next July.
Bernero says the shortfall is being caused by an expected $3 million decline in general fund revenues, from nearly $112 million currently to $109 million. And while the city is taking in less, the the cost of providing the same level of city services is projected to increase by $8 million.
The mayor says budget cuts or "revenue enhancements", or a combination of the two, will be necessary to balance the city's budget.
"Everything is on the table," said Mayor Bernero, Friday.
A formal budget recommendation isn't due until next March, but Mayor Bernero says he wanted to reveal the magnitude of the budget gap as early as possible.