- Associated Press - Monday, June 16, 2014

THIBODAUX, La. (AP) - Band-Aid efforts have slowed the city of Thibodaux’s spending, but officials remain adamant that there will have to be revenue increases or service cuts to balance the budget within the next year.

The 2013 audit of city government finances says city revenue increased by $3.3 million from 2012 to 2013 while spending increased by about $800,000.

The city ended 2013 with $60.4 million in net assets, down from $61.2 million at the end of 2012. Of that, $9.2 million can be used on expenses.

City officials tell The Courier (https://bit.ly/1p7UmsD ) the rise in expenses is tied to increasing personnel benefits.

The city’s 2014 budget projects spending $35 million, up about 22 percent compared to last year and revenue is estimated down about 6 percent.

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Information from: The Courier, https://www.houmatoday.com


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