The City of Miami is preparing a budget scenario that would cut a quarter of the city’s spending.
“We’re going to budget like we normally budget, but we have to have contingencies,” Miami Mayor Eileen Higgins said Tuesday morning at a Bisnow real estate event moderated by WLRN’s Tom Hudson.
The city’s budget year begins in October. It will be the first since Higgins was elected mayor this spring, becoming the first Democrat in the office in 30 years. She said the city is working on three spending plans — one with no cuts, one with a 10% reduction in spending and a third “that would have an immediate 25% cut in services.”…