Thursday, March 6 2014 4:53 PM EST2014-03-06 21:53:44 GMT
Steve and Annette Economides, otherwise known as America's Cheapest Family, gives people ways to save money in just about every aspect of life. The Economides said that on average a family of our spendsMore >>
Steve and Annette Economides, otherwise known as America's Cheapest Family, give people ways to save money in just about every aspect of life.More >>
Village of Portage has been struggling for years to stay on the map, but things
are finally starting to turn around for the small Wood County community.
officials say they've been slowly chipping away at their deficit. In a town of
438 people, the tax base isn't growing as fast as it used to, making it
difficult to keep the small town alive.
village has been in a state of financial emergency since 2008, when they were
$216,000 in debt. Now, things are finally starting to turn around.
employees slashed their salaries by about 50 percent, and imposed a 1 percent
income tax throughout the village. Now there is only a $38,000 deficit, and officials
say they could be in the black by January.
was a lot of talk that we weren't going to make it, a lot of side bets that we
weren't going to make it," said Mayor Mark Wolford. "So we're coming back, we're
showing them it can be done, you just have to tighten your belts, stay at it,
and not give up."
Fall can be the best time to take a vacation: kids are back in school and temperatures are moderate. Many vacation destinations even offer discounted rates to attract tourists. Check out some of these popular fall destinations.More >>