- Category: Local News
- Published: Friday, July 20 2012 10:32
- Written by Jim Brunson
Times are getting tough at Mission City Hall. Preliminary budget figures show the city faces a fund balance falling from $9.7 million last September to just $550,000 next year. Despite difficult financial times ahead, Mission Mayor Norberto “Beto” Salinas, in a city budget workshop on finance this week, insisted on reducing the city’s ad valorem tax rate another penny this year, as was done one year ago.
However, the city is required to maintain a fund balance of at least two months of operating expenses for the General Fund. Using preliminary budget numbers, that figure is estimated to be about $5,908,000, according to City of Mission Finance Director Janie Flores, leaving a shortfall of $5,358,000 projected for next year.
Salinas instructed city staff at the workshop to “get down to the nitty gritty,” and find a way to reduce expenses to meet the budget. “If not, just get with us (city council) and we’ll do the cutting. Don’t ask for anything we can’t afford.” he said.