Cincinnati Enquirer’s Sue Kiesewetter reports:
Expenses in Liberty Township’s 2012 approved budget could exceed revenues by as much as $518,000.
But township officials say they expect that number to decrease.
“Because it’s in the budget doesn’t mean we’ll spend it,’’ said Trustee Pat Hiltman. “We’re going to be real tight for the next 18 months.”
The approved budget includes projected revenues of $19,641,505 and expenses of $20,159,778. Included in that figure is $10.6 million for operations, which is lower than 2011’s estimated operating revenue.
The shortfall between revenue and expenses will come from carryover and reserve funds, said Kristen Bitonte, finance director.
“There’s no guarantee everything in there will be approved,” Bitonte said. “It could be less and that’s the goal.”
Although items are included in the budget trustees approve most large expenditures on a case by case basis after reviewing bids.
No employee layoffs or service reductions are planned for 2012. Instead it will be a year of maintaining existing services and programs. (more…)
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