Stories tagged with: Revenue

May 18, 2011 - 4:54pm
3 years 7 weeks ago

The Muskingum County Port Authority is working on ways to generate revenue.

Executive Director Mike Jacoby said their biggest issue has been the downturn in the commercial real estate market. He said they had a good year in 2007 because they sold a lot of land, but they haven't seen much activity since.

"We've had a long period of investment and now we've not had since 2007 not had any land sales and that's a big part of our revenue," he said.

He said now they are...

March 28, 2011 - 6:32pm
3 years 15 weeks ago

With a shrinking budget, Muskingum County Commissioners are continuing to find ways to not only save money, but make some too.

Commissioners Jim Porter and Jerry Lavy had their monthly investment committee meeting on Monday. They met with a representative from Community Bank to discuss the county's account balances.

"So we have some ideas to see our cash flow and what the interests are that we're earning off the money that's on deposit there," said Commissioner Jerry...

March 7, 2011 - 6:37pm
3 years 18 weeks ago

The budget for Muskingum County has been finalized for 2011.

County Commissioner Jerry Lavy said they had to make cuts based on revenue generated from last year and this year.

"We worked as diligently as we could to get it down to where we needed to be because you obviously can't spend more than what you bring in because we're mandated by law to have a balanced budget," said Lavy.

He said no lay-offs or furlough days are being implemented and department services...

November 23, 2010 - 6:07pm
3 years 32 weeks ago

The local post office may be seeing some changes.

The U.S. Postal Service recently reported its 2010 financial results showing a net loss of $8.5 billion for the fiscal year that ended on September 30th. The government agency is attempting to find ways to keep costs down without raising rates.

"We're looking at what we call an area mail processing study and nothing is final right now, but organizationally, we have lost 20% of our first class volume," said District...

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