Cincinnati City Manager Milton Dohoney says layoffs must start this summer because the city's deficit for this year is now projected to be $28 million, $8 million more than previously expected.Dohoney announced the worsening financial picture in an e-mail this morning. Mayor Mark Mallory followed immediately with an announcement about a press conference to talk about the budget.
Mallory had said he didn't think the deficit would be as deep as $20 million, crediting Finance Director Joe Gray with being ultra-conservative in his projections.
Yeah, Let's be a little more specific about the mayor's thoughts on the projected deficit. After all I had it right here........
"Who knows what the number will actually be?" he said. "The number is a projection. We get forecasts all the time."
So we started at a 14 million dollar shortfall then it went to 20 mil and now it's up to 28 million.
But hey it's only an ultraconservative projection right.
More.........
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