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‘Staggering and unprecedented’ budget shortfall forecast for City of Ithaca
Copyright 2020 Saga Communications, Inc. ^ | 04.03.20

Posted on 04/04/2020 2:56:56 PM PDT by Behind Liberal Lines

Early projections show the City of Ithaca is due to have a budget shortfall of anywhere between $9 and $20 million dollars resulting from the COVID-19 shutdown.

Mayor Myrick made the statement during a Thursday meeting of Ithaca’s Urban Renewal Agency. With the city’s total budget at $73 million dollars, highest estimates could mean a shortfall of nearly 28%. Myrick calls the numbers staggering and unprecedented.

He says the only way the city can survive is with federal assistance. Calculations from the City Controllers office account for a lack of sales revenue, and parking fees among other items.


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To: Behind Liberal Lines

No worries, someone should tell Ithaca that they can always just raise property taxes, gas taxes, rich white people taxes, tax taxes, tax tax taxes... because, as a famous liberal leader once stated, “the era of big government is over”...


21 posted on 04/04/2020 4:00:05 PM PDT by SteveH (intentionally blank)
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To: KevinB
Of course, we don’t talk politics.

I take it you don't like pissing into the wind. Or peeing on your feet.

22 posted on 04/04/2020 4:01:24 PM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: Behind Liberal Lines

As goes Ithaca, so goes Yaphank.


23 posted on 04/04/2020 4:03:24 PM PDT by JonPreston
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To: Behind Liberal Lines

Maybe they should raise tax rates.
Isn’t that what they usually do when taxpayers are out of work?
Isn’t that the compassionate thing to do? Rats are the paragons of compassion, right?


24 posted on 04/04/2020 4:04:09 PM PDT by ChildOfThe60s (If you can remember the 60s........you weren't really there)
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To: Behind Liberal Lines
He says the only way the city can survive is with federal assistance

Of course.

25 posted on 04/04/2020 4:05:04 PM PDT by Troublemaker
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To: Behind Liberal Lines

We are restricted to essentials only.

City and state government should have the same rules.

Fire department. law enforcement, water. sewer and if applicable, electric power.

Street maintenance only when the street or bridge is a safety hazard.

In the Great Depression, they actually plowed up asphalt roads and returned them to dirt roads.

But they will not. They will foreclose on your house in a blink before they will take a cut.


26 posted on 04/04/2020 4:08:23 PM PDT by old curmudgeon (There is no situation so terrible, so disgraceful, that the federal government can not make worse)
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To: Troublemaker

Tell them to cut all of their global warming programs. That should include subsidies paid for solar power and “energy efficiency” improvements.

After that, they can get rid of programs that promote “diversity.”


27 posted on 04/04/2020 4:08:32 PM PDT by independentmind (Sticks and stones will break my bones, but words will never hurt m)
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To: A_perfect_lady

Aren’t we going to see shortfalls for ALL governmental entities, due to the economic downturn? All cities, towns, townships, school districts, county governments, state governments, in some states special taxing districts, in some states, toll road authorities......The list is endless.

Due to the economic slowdown, tax revenue which all of these various entities counted on will simply not be there.

And with most governmental entities outside of the federal government, required to balance their budgets, financial hardship will happen. And hard choices, as Hillary might say, will have to be made.


28 posted on 04/04/2020 4:12:59 PM PDT by Dilbert San Diego
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To: Behind Liberal Lines

Cornell is sitting on a $7 billion endowment. Maybe he can ask for help from there.


29 posted on 04/04/2020 4:24:33 PM PDT by pierrem15 ("Massacrez-les, car le seigneur connait les siens")
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To: Behind Liberal Lines

“”He says the only way the city can survive is with federal assistance””

That’s WHY Uncle Sam is known as Uncle SUGAR....Just like one of the good articles that was posted here earlier this week said, no one ever gives any thought to the way the money is spent - just la de da....and then when reality hits and they see it’s all gone! MA!!or better yet DADDY, come help me!


30 posted on 04/04/2020 4:29:21 PM PDT by Thank You Rush
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To: Behind Liberal Lines

I love a story with a happy ending...


31 posted on 04/04/2020 4:57:46 PM PDT by an amused spectator (Mitt Romney, Chuck Schumer's p*ssboy)
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To: Behind Liberal Lines
He says the only way the city can survive is with federal assistance.

Yeah, no cuts, just federal assistance, thanks.

32 posted on 04/04/2020 6:02:28 PM PDT by VeniVidiVici (Gays can give blood but I can't)
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To: independentmind

Tell them to force the dickhead governor to allow fracking.


33 posted on 04/04/2020 7:16:16 PM PDT by Bonemaker (invictus maneo)
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To: SteveH

They can ask Cornell University for a loan.


34 posted on 04/05/2020 3:41:22 AM PDT by Jimmy Valentine (DemocRATS - when they speak, they lie; when they are silent, they are stealing the American Dream)
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To: Behind Liberal Lines

Ithaca won’t be alone. There will be a tsunami of municipalities, cities, counties and states requesting bailouts. Today for operating funds, tomorrow for pension bailouts. It will end in a wave of bankruptcies.


35 posted on 04/05/2020 5:09:01 AM PDT by Dogfaced Soldier
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To: Dogfaced Soldier
Ithaca won’t be alone. There will be a tsunami of municipalities, cities, counties and states requesting bailouts. Today for operating funds, tomorrow for pension bailouts. It will end in a wave of bankruptcies.

Will it? Repubs and Trump already caved in and fell for an $800B 'stimulus' package. No, wait, $1T. Or was it $1.5T? No, they still bumped it up to $2.2T, possibly $6.4T, so yea. If all these businesses are essential, surely the governments of the people are too! There's no way they won't pass some kind of city/county/State bailout. Especially when it's every single State/city asking for it! Sigh.

We NEED to get rid of the 16th/17th, and fund the FedBudget directly from the States.
36 posted on 04/05/2020 8:44:51 PM PDT by Svartalfiar
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