Podcasts & RSS Feeds
Most Active Stories
- This ballot proposal is critical to Michigan's economy, but most people won't bother to vote on it
- What explains Michigan's large Arab American community?
- Some think their immigrant ancestors were the last that should be allowed in the U.S.
- Michigan Republican Party's tactics remind me of Watergate, because both were unnecessary
- Michigan's campaign for governor gets weird as Republicans deploy spyglasses
Lansing faces budget problem
Mon December 20, 2010
City of Lansing facing $15 million budget deficit in FY12
The City of Lansing is facing a potential $15 million budget deficit. City Finance Director Jerry Ambrose says there is a growing chasm between Lansing’s projected spending needs fiscal year 2012 and the city’s projected revenue. FY2012 begins June 30th, 2011. Ambrose says the city expects to spend $118 million next year delivering city services, but city revenues are only expected to reach $103 million. Ambrose says in a written statement:
“The impact of the historic economic meltdown in Michigan continues to have negative impacts on municipal budgets across the state. Although we are in better financial condition than most cities, our budget will continue to reflect the impact of the recession for the next several years."
Ambrose expects to finish the current fiscal year on budget.