NEW YORK--(BUSINESS WIRE)--The city of North Las Vegas has the tools to address its large general fund budget gap but the ongoing budget uncertainty and steep revenue declines coupled with costly long-term labor contracts are creating budgetary pressure, says Fitch Ratings. We expect the budget gap will likely be closed largely with concessions reached through labor negotiations with bargaining units and/or by emergency resolution. We also expect utility transfers and cost cutting to play a role
Reported by Business Wire 3 days ago.
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