Local News

City of Taylorville Facing Six Figure Deficit

The City of Taylorville discovered during a city meeting last week, that the city is in a deficit of roughly $400,000. Alderman Larry Budd shared with Regional Radio News how the city got to it’s current position financially.

 

 

A 6 figure deficit may not sound very good, but the city of Taylorville is currently waiting to receive outside payments that should bring things back to even according to Budd.

 

 

Budd did admit however, that some of the reason for the deficit is due to money spent towards the TIF district, but that money should be coming back in the future.

 

 

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