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Helen Holton
City sees 2014 surplus, but expects a shortfall in coming year
City sees 2014 surplus, but expects a shortfall in coming year

Baltimore finished the 2014 budget year with a $12 million surplus but will have to address an expected $15 million shortfall in 2015, city officials said Monday. The projected $15 million deficit in the year that ends June 30 is largely due to high police overtime costs and low revenue from the Baltimore Horseshoe Casino, officials said. But budget officers said they believe Baltimore will be able to close the gap by implementing a new police work schedule in January — predicted to save millions of dollars — and through a round of belt-tightening by city agencies. "We're taking steps with all of our agencies to tighten spending," said Andrew Kleine, the...

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