Nashville's 'thin cash position' leads to hiring freeze, spending restrictions
NASHVILLE, Tenn. (Mike Osborne) -- Metro Nashville is preparing for a serious hit to its city budget thanks to the ongoing coronavirus outbreak.
In a letter Thursday to all city departments, city finance officials ordered an immediate freeze on “hiring, promotions, travel and some capital spending.”
The letter notes what it calls the city’s “thin cash position in recent years” and says officials are anticipating reduced tax receipts.
Metro department heads are asked to estimate what they expect to spend on tornado and pandemic responses, and identify possible cuts to their budgets.