From the Johnson County Daily Reporter:
Greenwood has been spending its savings over the past few years, but Mayor Mark Myers said that must stop.
Myers wants the city to spend no more than it brings in next year and said that will require a $2 million cut from this year’s spending levels. He’s asked all department directors in the city to try to cut 10 percent out of their budgets.
Last year, Greenwood approved a budget that spends at least $1.9 million more than what the city will bring in from tax revenue, Myers said.
Greenwood simply can’t budget $27.3 million again next year, if the city won’t bring in that much from property and other taxes, Myers said. That level of spending isn’t sustainable and that the city must trim spending to match income, he said.
http://www.dailyjournal.net/view/local_story/Myers-Greenwood-can-t-keep-dip_1341632624/
