Prineville budget drops

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Friday, June 29, 2012

The City of Prineville adopted a $25 million budget, $7 million less than last fiscal year.

“Our property tax revenues are budgeted to be down about 4 percent,” [City Manager Steve] Forrester said.

While that is the case, the City remains in good fiscal shape, primarily because of a substantial debt restructuring effort this past year. By consolidating their existing debt, they nearly saved enough money to backfill the expected tax shortfall.

Read more at Central Oregonian.

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