From the Johnson County Daily Journal:
Greenwood has cut spending by about $500,000 so far this year and is looking at whether it can start saving as much as other communities that keep enough in reserves to cover months of expenses.
The city has managed to reduce its general fund spending to about $2.3 million so far this year, down from about $2.8 million over the same period last year, controller Adam Stone said. The 17 percent spending decrease has been the result of greater employee contributions to health care expenses, a new system of budgeting and a new stormwater utility fee of $5 per month, Stone said.
Other local governments also have been looking to set aside more money. They want to save enough to cover emergency expenses, to be prepared if property tax payments don’t arrive in time and to be able to pursue future road and infrastructure projects.
http://www.dailyjournal.net/view/local_story/Greenwood-reserves-depleted-be_1364614533/
