General Fund Projections down
Tue April 17, 2012
Carthage Budget Might Require Cuts
Carthage Mayor Jim Nightingale said budget projections for the general fund next fiscal year are lower than he would like.
He said, “That's something that we will have to address and present to the council. I think there's some items we're going to have to reduce the expenditures.”
Nightingale likes to see between $250,000 and $300,000 in the general fund. The projections are closer to $260,000.
He said the overall budget will be $1.2 million.
Nightingale said the city is not planning any large capital projects and the city will have plenty of money in the capital improvements fund. He also said projections for the water and sewer budget and motor fuel tax revenue are on target.
The city council will adopt a final budget at a special meeting April 30th.