NORTH LAS VEGAS (KSNV MyNews3) -- With North Las Vegas still teetering on the edge of default, city leaders answered questions Thursday morning from the state Department of Taxation.
Officials say they believe city leaders when they say the budget will be balanced but say it's not about numbers adding up on paper but whether the city can survive
City manager Tim Hacker said the good news is the year-over-year increase in cash flow.
In June, the city ended fiscal year 2011 with $1 million.
On June 30, the city expects to close fiscal year 2012 with $2.1 million.
Hacker says this stabilization backs North Las Vegas' claim that they can afford payroll.
On Thursday, the Department of Taxation asked for regular updates on North Las Vegas' cash flow to see that the trend continues and also for a check-up on collective bargaining.
The city is looking to its unions to make concessions to help fill the $33 million deficit.
North Las Vegas Police Union President Mike Yarter says he's ready to make a deal but believes the proposed budget cuts too deep.
As these closed-door negotiations continue, the true numbers are still up in the air.
More will be known Tuesday when the North Las Vegas City Council presents the latest version of the budget at a special meeting. The proposed budget is due on June 1, and the real numbers take effect July 1.