Lyons: City budget gap smallest in years
With Evanston's proposed 2013 city budget scheduled to be unveiled this evening, Assistant City Manager Marty Lyons says it will show a gap between projected revenue and expenses of less than $1 million -- the smallest gap in years.
Speaking at a 2nd Ward meeting Thursday night, Lyons compared that to the situation four years ago when the city was faced with a $10 million deficit in the general fund.
He said the proposed budget will offer aldermen about $1.5 million worth of options for balancing the budget.
Those options will include the possibility of layoffs for three employees, compared to layoffs of over 30 workers a few years back.
The city's full-time equivalent workforce now stands at about 700 people.
Lyons, the city's chief financial officer, said the proposed budget will not include a property tax increase, after several years of hikes.
He said the city's revenue appears to have stabilized making it easier to fund city expenses, that total roughly $250 million, including transfers of funds among various city programs.
The proposed budget is scheduled to be posted to the city's website at 5 p.m. today. The City Council will have its first meeting to review the budget proposal on Oct. 29. It's expected to adopt the budget around Thanksgiving.