Sunday, Apr 22, 2018
One of America's Great Newspapers ~ Toledo, Ohio


City's books for 2011 show $326,000 surplus

At a news conference this morning, Toledo Mayor Mike Bell announced that there would be a $326,000 surplus from 2011.

The year-end financial data, which has been sent to independent auditors for review, includes income tax revenue of $153.58 million.

The mayor pointed to the time when he took office in 2010 when the city was facing a projected $48 million deficit. He said part of the cost-cutting came from negotiations with unions, resulting in concessions.

"The city was not able to achieve this alone, our unions played a vital role that cannot be overlooked," Mr. Bell said in a prepared statement.

The 2011 financial data has been submitted to independent auditors for review. In 2012, the city is projecting $156 million in income tax revenues.

This is a developing story.

Click to comment

Quis autem vel eum iure reprehenderit qui in ea voluptate velit esse quam nihil molestiae consequatur, vel illum qui dolorem?

Temporibus autem quibusdam et aut officiis debitis aut rerum necessitatibus saepe eveniet.

Copyright © 2018 Toledo Blade

To Top

Fetching stories…