Story thread · 2 reports / 1 sources

Cape Canaveral facing $4 million budget shortfall as reserves run dry

clickorlando.com · 20h · first reportShare

Cape Canaveral is facing a roughly $4 million budget shortfall after years of relying on reserve funds to balance its budget, and city leaders say residents could soon see cuts to services and staffing. City Manager Keith Touchberry says the city has been using money carried forward from previous budgets for about 15 years, as projected expenses repeatedly exceeded recurring revenue.