The city has established a worst-case scenario for its predicted revenues in 2009.
If it bares out, it won’t be pretty.
The city may be forced to shave an additional $2.4 million from a budget still smarting after recent staff and service cuts.
The City Council asked the administration to develop a baseline revenue estimate after having seen estimates trimmed down in recent months.
While Finance Director Elray Konkel is predicting $18 million in revenue for 2009, the baseline estimate – which he considers the lowest revenues could possibly go based on current data – puts possible revenues at $15.6 million. The city’s revenues haven’t been that low since 2004.