They’re seeing red again at County Hall.
Despite collecting $33-million more in property taxes in the coming year, Miami-Dade County is facing a $50 million budget shortfall under current projections.
A new budget forecast released this week by state economists shows the state is expecting in 2013 to bring in enough money to meet its needs for public schools and health care programs, with $1 billion still left for reserves.
Florida Governor Rick Scott will release his 2012-2013 budget Wednesday that will have to tackle a projected $2 billion shortfall without raising taxes.
Hialeah’s mayor announced on Friday a surprise $7.8 million shortfall this fiscal year and said he would seek a line of credit to bolster city finances.
Twenty-four hours after Miami-Dade County Mayor Carlos Gimenez revealed the details of his latest budget; the repercussions are still filtering out to all those who would be affected. Six hundred questions were submitted to Gimenez Thursday evening.
Twelve days after taking office, Miami-Dade Mayor Carlos Gimenez will recommend closing 13 libraries, eliminating the county’s Head Start program and reduce the county workforce by almost 1,300 employees as part of a plan to close a $409 million budget deficit next year, according to sources familiar with the proposal.
It may soon become more expensive to live and work in the City of Hollywood which is trying to figure out a way to close a $25 million shortfall in next year’s budget.
Miami Mayor Tomás Regalado has picked an interim chief financial officer to lead the city through its latest budget woes. Scott Simpson, finance chief of the Miami Parking Authority who earlier in his career served as the city’s finance director, will spend the next three months looking for ways to balance the 2012 budget.
The City Manager of Hollywood has quit his job following criticism of the city’s ballooning budget deficit.
A year after filling a huge budget deficit with deep cuts in pay and pensions, Miami is staring at a budget shortfall that could reach $40 million, and is looking at reducing department budgets by 10 percent across the board.