City nearly $2M short on this year's budget
JACKSONVILLE, Fla. – The city of Jacksonville continues to find itself in a budget mess.
A report released Wednesday shows the city's budget is way below projections, with a nearly $2 million deficit in the general fund.
Money the city was expecting from JEA and other franchise fees are down.
The Jacksonville Fire and Rescue Department is showing a shortfall because rescue revenues are down.
The Mayport Ferry is showing a loss.
And Jacksonville Veterans Memorial Arena is showing a loss of more than $888,000. That's because the artists that have historically performed at the arena each year are now coming back about every two years, and that's generating less profit.
This is the current city budget. Meanwhile, council members are working on next year's budget, going in with a deficit and the possibility of having to raise taxes.
Copyright 2013 by News4Jax.com. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.