Working into the wee hours of Wednesday morning, the Miami city commissioners approved a proposed $558 million budget.
Miami-Dade County commissioners will hold the first of two public budget meetings on Tuesday.
Once again the City of Miami is considering declaring a ‘financial urgency’ as it looks to the budget for the next year.
After more than ten hours of debate and going over a proposed budget line by line, Miami commissioners approved a $479 million spending plan for next year just after 3:30 a.m. Wednesday morning.
The city of Miami faces a $62 million budget gap and commissioners spent Tuesday night going line by line to pass a $472 million budget overnight.
The Miami City Commission was scheduled to hold a special meeting to decide the fate of the police union contract as the city closes a $62 million budget hole, but there was a development Monday afternoon that changed plans.
The city of Miami must close a $62 million deficit in the 2012 budget. The first of two public hearings is set for Thursday night and city leaders hope agreements reached with three of four unions may help bring the city closer to a balanced budget.
The budget battle is heating up for the City of Miami, and the city has an ultimatum for its unions: renegotiate contracts or face big cuts.
Miami City Manager Johnny Martinez declared a financial urgency late Monday afternoon. Martinez’s declaration is a sign that he wants to renegotiate the union contracts with the police and fire fighters.
Miami Mayor Tomas Regalado unveiled his 2012 budget that has to fill a $54 million deficit. In order to fill the hole, Regalado proposed to furlough the city’s work force for more than a month, according to CBS4 news partner the Miami Herald.