Q: Does the City of Gulfport anticipate a budget shortfall for fiscal year 2012-13? How much?
A: City staff doesn’t know yet. Recently the staff started trying to estimate out how much money the city will generate through property taxes, franchise fees, leases, fines and fees next fiscal year. Once they do that they can compare those numbers to the city’s current budget and can start to look at how to adjust the budget. This may include budget cuts.
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