ROCKFORD (WIFR) -- A deficit of more than $5 million was projected for Rockford’s 2012 finances earlier this year. Tonight, aldermen took a big step forward in approving a budget that could give the city a small surplus.
A draft of Rockford’s 2012 budget was approved by a 9-3 vote at tonight's city council meeting. Additional revenue and several reductions in spending were found to balance the forest city's finances, including a $3.2 million cut in pension funding for the police and fire departments.
Despite getting the budget out of the red, aldermen say there were very few decisions that came easy.
Alderman Frank Beach says, "While it may not be everything that everyone would want, I think it's going in the right direction. I think we're being as careful as we can right now to try and hold down any excessive expenses, and I think what we're doing with that, is alright."
A final vote on the budget could happen before January 1st. Until then, aldermen can propose any changes they see fit.