MOBILE, Ala. (WALA) – Mayor Spiro Cheriogotis on Thursday released his first budget proposal, a spending blueprint that builds on the course his predecessor set and seeks to leave a mark on several of his campaign promises.
The $404 million budget proposal for the fiscal year starting Oct. 1 represents a 13.9 percent reduction from this year’s $416 million spending plan. The biggest reason for the drop is an anticipated $89.75 million reduction in interest income on bonds and investments.
Still, the mayor’s proposal envisions continued investments in public safety, the under-construction Regions Arena and the new Stormwater Management Department…