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Article: New Orleans Mayor's Budget Seeks Tougher Collections, Cuts.(The Regions)
- Article from:
- The Bond Buyer
- Article date:
- November 3, 2009
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Byline: Jim Watts
DALLAS - New Orleans Mayor Ray Nagin on Friday outlined a 2010 general fund budget that relies on more vigorous revenue collection and cuts to departmental budgets to plug a $67.7 million deficit.
Nagin said without the additional revenue and budget cuts, the city would spend $509.1 million but collect only $441.4 million in revenue.
His budget presentation to the City Council includes $17.5 million in additional revenue through increased enforcement of existing fees and charges, and $50.5 million in savings achieved by a 10% reduction in departmental allocations, employee furloughs, and other efforts.
The City Council ...