From the Jeffersonville News and Tribune:
The Floyd County Council has one week to figure out how to cut $900,000 from its proposed 2013 budget.
Tuesday night at a special work session, the council debated and discussed ways to make cuts after it was announced the Department of Local Government Finance expects to approve a budget of a little more than $11 million for Floyd County for 2013. The county approved a preliminary budget, minus the $4 million in CAGIT funds which will be in a separate account, of $12 million.
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Heavrin told members that individual office-holders will have to see their budgets cut, some in half, to start the year with the understanding they can ask for additional appropriations in the middle of the year.
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Certified budgets need to be turned in to the DLGF by Nov. 1. The council will hold a budget work session at 5 p.m. Oct. 16 at the Pine View Government Center. At 5 p.m. Oct. 18, the council will vote on the 2013 budget.
Due to over-appropriations, the county’s rainy-day fund is empty until likely the first of the year, Coddington said. All additional appropriations will have to come out of riverboat or economic development income tax funds.
http://newsandtribune.com/floydcounty/x1939590770/Floyd-council-forced-to-cut-900K-from-2013-budget
