Revenue loss creates program cuts

Last updated: July 25. 2014 5:15PM - 471 Views
By - acloud@civitasmedia.com

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Revenue woes and cuts in coal severance money have affected many counties and cities in the region in one way or another. Pineville is no different. Mayor Sherwin Rader said unwanted cuts have been made to ensure a balanced budget for the city.

“It’s an extremely tight budget this year,” said Rader. “Our revenue has dropped drastically from the last few years.”

In addition to coal severance funds dropping, Rader said many of the taxes being collected have decreased as well.

“Just about everything we had come in under this year on what we normally collect,” said Rader. “It just hit us hard.”

According to Rader, both property taxes and ad valorem taxes came in under budget. Taxes collected from the housing authority were down about $3,800. She said even the taxes collected from the banks dropped this year.

To make up for the loss in revenue, Rader said a few hours had to be cut for employees. Some donations the city had given previously had to be cut as well. Those cuts include donations to the rescue squad and the friends of the shelter.

Rader said they had to cut back on any none essential items. Additionally, she said no services to the citizens have been cut.

“We’re just going to have to be real strict on what we spend,” said Rader. “No one knows what tomorrow is going to bring, and we hope a lot of these things (revenue) will build back up.”

Rader said fortunately they had some money put aside in a rainy day fund, and they have been able to use that.

Anthony Cloud can be reached at 606-302-9090 or on Twitter @AnthonyCloudMDN.

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