Friday, August 29, 2014

Gulfport sees financial breathing room for 2015 - Mississippi News Now


GULFPORT, Miss. (AP) - Gulfport will have some breathing room with the budget for the coming year.


For the first time since 2009, Council President Rusty Walker says the city will not have to cut its budget to meet expenses.


Revenue is expected to be up by about 2 percent with no tax increase proposed.


The administration also anticipates a modest general-fund budget surplus for fiscal year 2015, which begins Oct. 1.


The Sun Herald reports (http://bit.ly/1rzpQLW ) the administration and City Council met Tuesday to talk about the budget for the general fund, which covers most operating expenses.


Comptroller Scott Wilson says the city has not seen a dramatic revenue increase in one specific category, but small increases from the biggest revenue generators -- property and sales taxes.


Information from: The Sun Herald, http://ift.tt/12vv2Uy


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