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alstry (35.36)

1.01.10.....IT ALL BREAKS LOOSE....

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December 15, 2009 – Comments (4)

The City of Reno will need to cut $16 million from next year's budget which starts on July 1st. 

The City already cut $23 million over the past year and a half, but some of those cuts were short-term. Now they'll have to look at more permanent solutions.

Whatever they do, city services won't be the same.

Even if they can get city workers to agree to give up their annual pay raise, take 5% pay cuts, 4-day furloughs, and pick up more healthcare premiums, it only adds up to about $9 million - of the $16-million they need which is why layoffs appear imminent.

AND THAT IS ON OPTIMISTIC REVENUE PROJECTIONS!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

JUST LIKE ALSTRY WARNED.......IF WE DON'T RESTRUCTURE SOON, THERE WILL NOT BE MUCH LEFT TO RESTRUCTURE

4 Comments – Post Your Own

#1) On December 15, 2009 at 10:28 PM, alstry (35.36) wrote:

Century Boats, a division of Yamaha, in Bay County, Florida is closing down its manufacturing unit.

Martin Peters, a spokesman for Yamaha Marine Group the parent company of Century Boats, told a Florida newspaper 43 employees were given notice and a severance package Tuesday morning.  

Century Boats has been manufacturing in Florida since 1982. Yamaha bought the company in 1995.

Nobles said she knew the economy in Florida was “difficult” when KEDC sent an emissary to visit with Yamaha last month. “I didn’t know how bad, though.”

EXPECT MILLIONS OF BUSINESS TO SHUT DOWN IN 2010 AS DEMAND EVAPORATES DUE TO ZOMBULATION.

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#2) On December 15, 2009 at 10:33 PM, alstry (35.36) wrote:

THE WORLD AS WE KNEW IT IS CHANGING....MANY BUSINESSES THAT BEEN AROUND FOR DECADES WILL FOLD

F+W Media announced today that design book I.D. magazine was folding. In a press release, I.D. publisher Gary Lynch said that the January/February issue will be the final edition of a book that began in 1954. 

The number of layoffs associated with the closure were not announced.

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#3) On December 15, 2009 at 10:38 PM, alstry (35.36) wrote:

EVEN LITTLE RHODE ISLAND FEELS THE ZOMBULATOR 1.01.10

PROVIDENCE, R.I. — Gov. Don Carcieri proposed closing Rhode Island's ballooning budget deficit Monday by cutting roughly $125 million in state funding for cities, towns and schools, putting local leaders under tremendous pressure to cut costs or raise property taxes.

The plan from the Republican governor is meant to close a $220 million budget deficit for the fiscal year ending in June, a shortfall of roughly 7 percent of what state authorities expected to collect. That budget gap grew as a bruising recession pushed unemployment to nearly 13 percent.

As people lose jobs, they are paying less in income taxes and buying fewer goods, driving down sales tax collections. After trimming the state work force and social welfare spending, Carcieri is now forcing local leaders to cut spending.

Economists expect unemployment could peak near 14 percent next year, contributing to further budget trouble.

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#4) On December 15, 2009 at 10:45 PM, alstry (35.36) wrote:

ZOMBULATION WILL CREATE DESPERATION 1.01.10

This holiday season, you have several options of where to donate your money: Salvation Army, Toys for Tots, soup kitchens.

But have you considered the Miami Herald?

It's not quite a charity case yet, but the paper of record in the Magic City is accepting handouts if you have any spare change.

Starting today, users of the Herald's Web edition can make donations to the paper on each story.

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