City Says Budget Deficit Is Manageable
(Las Vegas, NV) – Las Vegas will face a seven-million dollar budget deficit in the general fund next year. But the city’s chief financial officer says the shortfall is “manageable.” Mark Vincent told the city council yesterday property tax income continues to shrink, resulting in a deficit for the 2013 fiscal year. He says one-time fund transfers and continued cost-saving efforts will help close the gap without major cuts in services. It’s now up to the city council to approve a final budget.