November 27, 2014
RENO, Nev. (AP) - Preliminary figures show the city of Reno is facing a potential $7 million budget shortfall in the fiscal year that begins July 1.
The Reno Gazette-Journal reports a budget estimate presented to the City Council on Wednesday anticipates costs of $152 million.
The city will lose $11 million when Washoe County ends its contract with the city to pay for fire services in the Truckee Meadows Fire Protection District.
The budget also plans for a $2 million decline in property tax revenues, as well as falling income from things like sewer and water fees and expiring grants.
But City Manager Andrew Clinger says the forecast isn't as bleak as in years past, and says the outlook could change over the next three months before a final budget is adopted.
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