March 9th, 2012 by WCBC Radio
Facing a loss of a half a million dollars as a result of plummeting property home assessments- the Cumberland Mayor and City Council is exploring any number of potential budget cuts- a decision that could impact local tourism. Although not mandatory, the city has set aside a funding allocation each year for events and programs that result in economic development opportunities for the city in terms of hotel and motel revenues. Councilman David Kauffman says the hotel/motel tax is not a revenue stream embraced by many tax payers in the community…
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