Ready the red ink

New Orleans facing revenue gap despite early-year sales tax boom

Published Jun 26, 2012 at 8:00 am (Updated Jun 26, 2012)

(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.

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