Hubbard City Council to get a look Monday at a tight 2009 budget

HUBBARD — Reductions in revenue here have some city officials looking at ways to cut costs — including a possible staff reduction.

City Auditor Michael Villano said the city, much like other area communities, has seen a reduction in revenue due to layoffs and other losses in resident income.

Property taxes, he said, also have been down because of higher numbers of foreclosures.

“We are certainly not doing as good as we have in the past,” Villano said. “This last year our cash flow has dropped like a rock. We cannot keep operating as before. The cash flow to do that just will not be there.”

Council has not approved a budget for 2009, but it does have legislation addressing the budget before it now. The issue will likely be a topic of discussion during council’s regular meeting Monday.

For the complete story, see Saturday’s Vindicator and Vindy.com