City revenues, and expenses, dropping

"A mid-year budget report for Jacksonville shows revenues have dropped, but so have expenses. Revenues are $15.8 million below expectations. At the same time, city officials have cut spending by $22.4 million."

"The report notes a $10.7 million falloff in sales tax revenue alone, hinting at the overall economic woes city officials expect will continue preying on the coffers into next year. Among expense cuts, the report notes the city should save $14 million in salaries and benefits for a number of open jobs that have not been filled."