Butler City Council continues to discuss what to do about the city’s financial troubles.
Council heard a presentation Tuesday about a recently completed 2015 financial statement audit. Of chief concern to the auditor was the fact that the city ended the year with a negative balance in their general fund.
This is attributed to a widening gap between city expenses, which have been increasing by about 4 percent per year, and revenue, which has been increasing by about 1 percent per year.
The city spent about $500,000 more than it took in last year and if the trend holds, the city will not be able to meet payroll obligations by the end of this November.
A special budget meeting is being planned for August and council is looking for ideas about ways to increase revenue without increasing taxes.
Written By: Ryan Saeler
The post Council Continues To Discuss Butler City’s Dismal Finances appeared first on Inside Butler County – Butler, PA.
