Sat May 26, 2012
Analyzing Mayor Fischer's City Budget for FY 2012-13
Friday on Byline WFPL's Political Editor Phillip Bailey provided review and analysis of Mayor Greg Fischer's austere budget plan for 2012-13. The spending plan does not raise taxes and balances the budget without Metro employee layoffs or furloughs, and gives non-union city workers a 2 percent raise. Metro Government had faced a $20 million shortfall in the coming fiscal year, but filled that hole with $13.5 million in projected revenue estimates and selling two downtown parking lots to the Parking Authority of River City for $10.7 million. Metro Council members will hold budget hearings over the next month.