Posted: Mar 13, 2013 7:33 AM by AP
OPELOUSAS, La. (AP) - An annual audit report finds the city of Opelousas is projected to have an operating fund deficit of at least $1.1 million by the end of the 2013 fiscal year.
Accountant Troy Courville told the Board of Aldermen Tuesday the city has made strides in reducing its annual deficit from $3 million at the end of the 2010 fiscal year to $1.13 million in 2012.
Courville says that rate of deficit reduction won't be enough to forestall the projected shortfall by Aug. 31.
While sales tax revenue has increased, Courville said, that is offset by a $1 million annual increase in what the city pays into pension funds for police officers, firefighters and other civil service workers.
Information from: The Advocate, http://theadvocate.com