Tuesday, February 26, 2008

Portsmouth City budget shortfall

Originally uploaded by VA Tree-hugger.
Meghan Hoyer at the The Virginian-Pilot tells us Portsmouth will cut spending to curb budget shortfall. The lede:
While struggling with finances for the upcoming year, city officials have realized a more immediate problem: Portsmouth has a $5.5 million shortfall in its current budget.

The city now has four months to sharply cut spending and bring its finances back into line.

“We’re going to have to look at some of everything,” City Manager Kenneth Chandler said. “There’s nothing off the table.”
How about the millions the city wants to put in on the Holiday Inn site?

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