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City Lay Offs And Furloughs Could Be On The Table

March 12th, 2012 by WCBC Radio

It may be the most daunting budget process that has faced the city of Cumberland in the past thirty years- and with cuts expected, city employees may be impacted.  A quick thumbnail look at the city’s fiscal picture shows a loss of more than $500,000 because of an almost 6 percent decline in property values; costs are going up, including employee health care and retirement benefits, which are expected to be around $136,000 in fiscal year 2013; and a loss of almost $180,000 in Community Development Block Grant funds. In addition the city, which underwent a major debt restructuring, last year, must continue to work toward building a $10 million fund balance in order to maintain positive debt ratings. While the terms “layoffs” or “furloughs” were not spoken by any of the council members during the budget work session, Councilman Butch Hendershot suggested that it is something that has to be put on the table for consideration…





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