"This is again a failure of the Finkbeiner administration to communicate with council."

"Toledo may have a $3 million to $5 million general operating fund deficit by year's end, and city officials may lay off more than a dozen employees within days to stop the red ink.

Mayor Carty Finkbeiner's administration has yet to decide which cost-saving strategies to pursue, but it is seriously considering layoffs along with voluntary and temporary work furloughs among other measures.

The mayor has said he wants to avoid any cuts in police and fire forces that could drive up overtime costs.

He also doesn't want to tap into the city's $6.4 million rainy-day fund, which he believes is crucial to sustaining Toledo's recently upgraded bond rating.

Robert Reinbolt, the mayor's chief of staff, said the administration is aiming for any layoffs to happen in early October, the start of the fourth quarter. If that's the case, union-required 30-day notices need to go out soon. "We want to move quickly on it because the sooner we make the cuts, the more money we save," Mr. Reinbolt said."

http://toledoblade.com/apps/pbcs.dll/article?AID=/20080904/NEWS16/809040351

No votes yet