August 20, 2014
RENO, Nev. (AP) - For the first time in five years, Reno's city budget doesn't call for any layoffs or elimination of programs.
City Manager Andrew Clinger told the mayor and city council Monday night it appears the worst of the recession is coming to an end. He says improvements in property values and tax revenue suggest the region's economy has hit bottom and is beginning slow recovery.
Like most of Nevada, Reno has been stung by high unemployment, bankruptcies and foreclosures. The city's payroll has shrunk by about a third over the past three years, including cuts in the number of firefighters and police.
Clinger says it's the first time since 2007 the city's $295 million budget will not drain any reserves and doesn't require any employee layoffs or program cuts.
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