Morgantown Mayor Concerned About City's Finances
Written by Your 5News Team
Last updated on January 17, 2013 @ 7:55AM
Created on January 16, 2013 @ 6:00PM
We need to be a little more conservative when it comes to spending. That's the suggestion from Morgantown Mayor, Jim Manilla, after he took a look at the city's finances.
Manilla told 5 News the city has got less than 20 percent of the $2.2 million they were expecting in business and operating tax halfway through the fiscal year.
He said they have no money in their rainy day fund.
Manilla said the good news is that the future looks bright.
"I think we're going to have rough times for at least the next two years," Manilla said. "We've got projects like the University Place project, and the Evansdale expansion project. We do have a lot to look forward to."
More information is expected to come out about the city's finances at a council meeting in late January.
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