DAYTON — City leaders plan to bring together local economic experts, business representatives and community folks to help strategically map Dayton’s financial future, clouded now by ongoing revenue shortfalls and a sizeable deficit projected for 2010.
“The magnitude of our challenge is going to be significant,” Dayton City Manager Rashad Young said, adding that estimates indicate a 2010 budget deficit of $15 million to $20 million.
Estimated revenue to the city in 2010 is $152.6 million, which reflects a $6 million drop from 2009 estimates. That loss follows an $11 million decline in 2009 revenue, compared to 2008.
...The shortfalls could mean employee layoffs and changes in the level of city services, Barbara LaBrier, Dayton’s director of management and budget said.
...“I want people to appreciate that these are incredibly difficult times. I want them to have confidence that we are doing the best we can and that we’re doing what we think is in the best interest of the city of Dayton,” Young said.
Dayton Daily News, Thursday, August 27, 2009
8/27/09
On Dayton, Ohio
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