World Series baseball helps thwart city furloughs, but layoffs could still be nearby

World Series baseball helps thwart city furloughs, but layoffs could still be nearby

World Series baseball helps thwart city furloughs, but layoffs could still be nearby

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KMOV.com

Posted on October 26, 2011 at 9:46 PM

(KMOV) – World Series baseball has thrown a close to $3 million boom to City Hall, so 2,700 workers won’t have to take unpaid days off to balance the city’s budget.

But the city’s budget director said if revenues stay flat or decrease in fiscal year 2013, city workers could be dealing with furloughs and possibly layoffs due to cost increases.

The biggest hit to the budget is the cost of pensions.

Pension costs for FY 2012 are $76 million. The city’s budget director says that number is expected to jump $13 million next year, totaling $89 million.

It’s a challenge the mayor, the comptroller and the president of the board of aldermen will be wrestling with for the rest of the year.

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