Ready the red ink
|New Orleans facing revenue gap despite early-year sales tax boom|
(From The Times-Picayune) Even though sales and hotel tax collections for the first few months of the year were well above last year's figures, city government's overall revenue is running $12.2 million below the figures projected when New Orleans' 2012 budget was adopted, while spending on personnel is running $1.5 million over budget. Result: The city will need to tighten its belt a bit more to make it through the year in the black.
Click here to read the full story.
comments powered by Disqus