Tuesday, October 18, 2011

Recession and the impact on Kernersville

The recession has impacted families and businesses in Kernersville; some more than others. The Town of Kernersville, like a business has also experienced the loss of revenue, and has made the appropriate cuts in both operating costs and capital purchases. In the FY 10-11, the operating budget was reduced over $600k dollars from the submitted requests. This year, FY 11-12, the operating budget was cut an additional $ 400k dollar.
The current budget eliminated positions and froze other positions. Employee benefits have been reduced in some areas to help reduce costs and overtime has been drastically cut. The capital purchases have taken huge cuts the last two years. In the current budget, resurfacing, and a large number of equipment replacements were eliminated. We also implemented minor changes to some services to help reduce cost. Just like in your home or your business the Town has cut back and we are working hard to stay lean while still providing our citizens with excellent service.

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