May 21, 2009 - 10:15 am
News Feed: Ohio

Cincinnati projects $40 million deficit

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As a result, the officials say layoffs and cuts in services may be necessary.

The city's finance department says this year's revenue is already $8 million below
expectations.

The city manager has told department heads to submit plans by the end of the week on how to cut
spending by 5 percent for the remainder of this year.

Some members of the City Council said Tuesday that 5 percent is probably not enough, while
others say cuts should not include essential services like police and fire protection.

Income taxes produce about 65 percent of the city's $375 million general fund budget.

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