MAUMEE, OH (Toledo News Now) - After a record year for income tax revenue in 2011, the city of Maumee is projecting a deficit citywide. As of the end of July, the city was down about half a million dollars. They are projecting that will grow to about 1.4 million dollars for the year.
Maumee's city administrator says most of that deficit is contributed to the cost of operating a court. The city of Maumee has a population of about 14,000 people. The court serves about 48,000 and the city is responsible for the costs.
The city's revenue also took some hit including drop in interest rates on some investments and reductions in state aid.
The city has done a number of things to lower costs in recent years. The city's administrator said he does not expect any dramatic actions like reducing services, staff or raising taxes.
"The picture doesn't look all that great. We'd like to be posting surpluses, but the fact is when you take a look at the money we have in the bank versus what our deficits are right now and where our deficits are coming from, we feel the problems we have at this point in time are manageable," said John Jezak, Maumee City Administrator.
Remember, the 1.4 million dollar deficit is a projection. The city did have a strong July as far as income tax. Numbers will not be finalized until the year is over.
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