As employment costs and overhead soar at City Hall, the councillors are calling for the city administration to employ cost cutting measures, such as an automated payroll to replace cash payments.
Data presented by the City Treasurer at yesterday’s statutory meeting showed that for June, the city collected $144 million but spent $215 million. This expenditure saw the city recording a deficit of just over $70 million.
The sum collected last month was $9 million more than the June, 2016 revenue, $18 million less than the June, 2015 revenue and $62 million more than the sum collected in 2014, yet deficits persist.