Things are a lot different today in the city of Waveland than they were six months ago. In fact six months ago the city was facing bankruptcy. But thanks to the leadership of the Mayor and aldermen, Waveland is out of the red.
It has not been an easy period for Waveland. In fact at one time the fire and police were reduced to just one officer each. Many other employees were laid off as well.
In fact Waveland leaders are doing what many families on the coast are doing, and that is keeping a close eye on every penny that is spent. The city is more than halfway through its fiscal year and it has only spent 37 percent of its budget.
This year Waveland has revenue of $4.2 million while expenditures of $1.6 million leaving the city with a surplus of $2.5 million.
With hurricane season approaching, Mayor David Garcia says the city needs at least six months of revenue saved up before it is completely in the clear financially.
In just six months the Waveland leaders have rescued the city from the jaws of bankruptcy and started it on the road to fiscal stability.
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WLOX-TV General Manager
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