Mayor will proposed new, balanced budget for 2010

The administration will present a balanced general fund to city council Wednesday for approval.

It was less than a week ago that city administrators said Youngstown needed to close a projected $2 million gap between anticipated revenues and spending in this year’s general fund.

Mayor Jay Williams said today that he expects about five to 10 workers to stop working for the city this year either through retirement or resignation. The reduced number of employees would save the city about $500,000 this year, he said.

As Williams previously said the recommended budget from the administration does not include layoffs. The city has about 700 employees.

Council will meet at 4 p.m. Wednesday to approve the budget.

The remaining $1.5 million of the projected gap would be made up largely through additional tax revenue, and the sale and lease of city assets, Williams said.

For the complete story, read Wednesday’s Vindicator and Vindy.com