Mayor of West Palm Beach says General Reserve Fund will bridge $8.4 million budget shortfall
Fee increases, service cuts not anticipated
12:25 PM, Aug 21, 2013
12:40 PM, Aug 21, 2013
WEST PALM BEACH, Fla. -- The City of West Palm Beach has found a way to balance its budget and cover an $8.4 million shortfall without raising the fire assessment fee or the millage rate, Mayor Jeri Muoio told WPTV NewsChannel 5 on Wednesday.
Muoio said the City would close the shortfall through a series of cuts to departments, leaving some positions unfilled and borrowing $2.5 million from its General Reserve Fund.
"We took money from the reserves last year. We are going to take money from the reserves this year. We can't do it again next year. We have got to figure out how to save money and how to increase the property taxes that are coming into our city," Muoio said.
Muoio said the City would hire a consultant to help the City find ways to deliver services more effectively.
Some private companies could be contracted for this, Muoio said.
The savings from that and the sale of some city-owned properties would be applied to the General Reserve, Muioio said.