Budget Projections:
Revenues vs. Expenditures

The City's FY 2008-2009 Budget, adopted June 16, 2008, totals $355 million. Since last year's budget was adopted, the United States is in the midst of a recession, with predictions that it could last for up to three years before the national economy achieves full recovery.

To combat this year's $5.6 million projected deficit, while at the same time preparing for next year, we have reduced departmental budgets to close this gap. So far, we've reduced costs by $3.2 million, in addition to freezing $700,000 in our fuel reserve. These reductions are based on our department's anticipated end-of-year surpluses and prioritized spending reduction plans that will have the least minimal impact on our services.

To close this projected gap even further, additional program and service cuts may be required for the remainder of this fiscal year. We are actively updating our projections, scrutinizing our revenues and our expenditures in order to close out this year with a balanced budget.

For more detailed information on the current fiscal year's budget, visit http://www.durhamnc.gov/departments/bms/08-09budget.cfm.