Wed 22 Apr 2009
Austin’s newpaper, the Statesman, has recently made a big push towards internet content. And that’s good with the state of the industry currently.
Here’s a story on one of their blogs that caught my eye today:
The City of Austin is looking at a $30 million budget gap next year, city budget staffers told the City Council at a work session this morning.
That gap in revenue assumes that the City Council will adopt the rollback property tax rate, which is the highest rate the city can charge without requiring voter permission. It also assumes that the hiring freezes and other cuts the city has already made will stay in place.
Isn’t that wonderful? $30 million in the hole for the year DESPITE raising taxes and freezing salaries and new hires. Awesome.
Austin has been doing comparatively well in this “downturn” so far, we had SXSW to help with March revenue, but even that wasn’t enough to dig the city out of it’s financial hole.
It’s probably just going to get worse, too. Isn’t that a cheerful thought? Read the comments on that link. The local nutjobs always make a good showing on these sorts of blog posts.