Birmingham mayor reports financial surplus

BIRMINGHAM, AL (WBRC) - Good news for the city of Birmingham has come in the form of a $9 million surplus.

Mayor William Bell says it is all thanks to cost saving measures and an upturn in the economy. The news means raises for 1,100 city employees and funding for some non-profits that were cut from the city's budget.

Mayor Bell also says money coming into the city is indicative of a turnaround. "The Christmas holiday, the largest segment of sales tax revenue was extremely better than what we anticipated," said Bell.

The mayor wants the city to spend about $5 million of the surplus on salaries and non-profits and hold on to the rest.

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