Mayor Frank Jackson balanced reality and optimism in his description of Cleveland’s barely balanced budget.
The city’s general fund is $510 million. Because of declines in both income and property tax collections, this year’s carryover surplus is just $4 million. It was $29 million last year.
Mayor Jackson’s depending on a new garbage fee, four percent pay cuts through furloughs, and layoffs to avoid red ink
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article courtesy of WKYC.com
