City looking to cut expenses without cutting pay
City officials are now looking for new ways to cut back on expenses after getting some bad news from the chief appraiser.
The chief appraiser has projected and over $6 million shortfall for the city's budget next year.
Combined with other expenses, the shortfall is expected to reach over 16 million dollars.
“This is going to be one of the toughest years Laredo’s had with balancing the budget without furloughing people without laying anybody off.”
Next years city budget looks like it could be up to 16 and a half million dollars short.
It’s what City Manager Carlos Villarreal made very clear at Monday’s City Council meeting.
Today many are acknowledging the tough time ahead.
City officials say they knew it was coming.
A combination of issues like decline in sales tax revenue paired with contracts that can't be ignored have finally caught up.
The situation, they say, is one other cities have been facing but laredo hadn't until now.
Now, the challenge is to cut absolutely everywhere possible, without asking employees to take pay cuts, or pack up and go home for good.
City officials say it seems like a tough situation to be in but in reality, they are confident they will be able to make the budget work.