SEATTLE -- The city of Seattle's budget shortfall is bigger than predicted. The city currently faces a $43 million deficit.
"We have anticipated that revenues would be down and this latest forecast confirms the size of the problem," said Mayor Greg Nickels. "As we make difficult budget cuts, I will continue to put a priority on maintaining funding for public safety and direct human services."
The mayor has already ordered the freezing of salaries of more than 100 senior city executives and has asked city departments to cut their budgets by three percent.
In the next few weeks, the mayor will revise the city budget to reflect the latest forecast. The city does have a $32 million rainy day fund to be used in times of economic downturns.