Bad City Economic News

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KIIITV News

(11-3-09)
A City Finance Committee revealed that the City is looking at losing it's entire 26 million dollar reserve fund because of the economy. Sales tax revenue is down more than expected and unexpected additional expenditures are causing the new shortfall. Council Members on that Committee directed City Staff to come up with a plan of action and report back to the full Council on November 17th.

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Poll

The Memorial Coliseum is back in the news with lawsuits and restraining order. What do you think?

  • Tear it down
  • Keep it as outdoor venue with it's roof
  • Sell it and let private business create a new venue