Beach avoids taxes, layoffs by taking from savings (The Virginian-Pilot)

The City Council on Tuesday night approved a $1.9 billion budget that relies heavily on tapping savings but avoids a tax rate hike, employee furloughs and layoffs. To balance the 2009-10 budget, the city will use $45 million in “rainy day” funds from multiple sources including agricultural preservation, schools, major projects and health insurance.

More: continued here

Related news:

Leave a Reply