The Covington Department of Finance presented its budget for the first half of the fiscal year, showing an increase in revenue at the end of the second quarter, even though a gap in payroll tax revenue due to work-from-home arrangements persists.
Tag: Budget deficit
Posted inNews
Covington lays out programs cut due to budget shortfall
The Covington City Commission discussed the programs and services the city would be unable to fund due to declining payroll tax revenue at their meeting on Tuesday, with the city having to redirect $16.7 million in ARPA funds to maintain basic services.
Posted inEducation
NKU staff cry foul over $222k in bonuses, raises to presidential cabinet: ‘The optics of this are terrible’
Just months after announcing a more than $24 million budget deficit, Northern Kentucky University offered $222,500 in raises and bonuses to the university’s presidential cabinet, which is mainly composed of the university’s vice presidents. The raises and bonuses were offered in January under retention agreements three months after the university abruptly parted ways with its […]
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NKU deficit cut to $9.6 million under new budget
Following the announcement of a $24 million budget deficit last year, Northern Kentucky University has approved its operating budget for the upcoming school year, reducing its deficit from more than $24 million to $9.6 million. This includes a 3% tuition increase and eliminates 100 faculty and 25 staff positions as the university continues to pull […]