Finance Committee to consider cuts to bridge fiscal gap

    The Assembly Finance Committee meets this evening to work on a plan to bridge a fiscal gap caused by changes in state funding.

    The Assembly Finance Committee meets this evening to work on a plan to bridge a fiscal gap  caused by changes in state funding.

    Governor Walker made a number of vetoes to the operating budget in an effort to spur the Legislature into taking action on a fiscal plan, but lawmakers adjourned without addressing the situation.

    One of the Governor's cuts was to bond debt reimbursement which creates a shortfall in the CBJ budget of just over $3 Million.

    City Manager Rorie Watt called for a meeting of the Finance Committee to address the shortfall.

    Assembly member Debbie White talked about that on Action Line last week:

    "It's absolutely frightening. I know the city staff is working diligently to try to find a way to trim the budget, without cutting into services any more than we have to, but I am very concerned as to what are we going to cut."

    It's too late to consider a mill rate increase this year, since the rate's already been set, but that will be on the table next year when the Assembly looks at amending the second year of its two year budget. White also addressed that matter:

    "Everything is going to have to be on the table. I really hope the legislature comes up with a plan so it doesn't come down to that."

    The Assembly Finance Committee meeting is scheduled to convene at 5:30 this evening in Assembly Chambers at City Hall.

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