Frisco faces $3M budget shortfall; budget cuts, hiring freeze initiated
Thursday, February 26th, 2009Frisco is projecting a $3 million gap in this year’s budget, prompting immediate spending cuts and a hiring freeze, officials said this week.
While the city’s property and sales tax revenues remain at or near projected ranges, earnings from building permits and interest are well below budgeted levels, Assistant City Manager Nell Lange said.
In response, city staff has been directed to cut 4 percent from each department’s budget and freeze 28 open jobs. The cuts will not require layoffs, Lange said.