Henderson Slashes Budget By $50 Million

HENDERSON, Nev. (AP) - In the face of dwindling tax revenue, the
Henderson City Council is slashing its five-year budget plan by $50

The budget-cutting plan approved this week offers a buyout to up to 350 city employees. It also includes a reorganization of the city's development services, the elimination of a cable TV show and a policy academy building.

Officials say the city has experienced a 10 percent reduction in the collection of property taxes because of the high foreclosure rate.

Information from: Las Vegas Review-Journal, http://www.lvrj.com

(Copyright 2008 by The Associated Press. All Rights Reserved.)

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