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Baseball savings city jobs in St.
Louis Cardinals run into the World Series helping erase a large part.
Of the city's budget gap eliminating the need to furloughs on 7000 city workers.
And with game six now guaranteed.
And saint Louis the city is set to gain even more -- Saint Louis mayor Francis -- Now mr.
mayor ready to be air how much but where's the budget gap now because it was at two point.
Where it was at two point eight million dollars.
And how does it two point eight million dollars and how much -- you there yet.
Well with the first seven games -- post season play about two million dollars.
Wow so it given the fact that we know there is going to be.
Another game played in Saint Louis can you fully close the gap that how much more revenue -- you're expected in the door.
Well we have we estimate conservatively about a half a million dollars for a World Series game in additional revenues we would not otherwise get.
So we're -- we're closing the gap and we wanted to make sure that the city employees were able to take advantage of that.
What about -- -- well how has the money been coming in.
Through the run into the playoffs the playoff series and now in the World Series just tell us about the type of of revenue you've been able to generate.
We have additional revenues in net sales taxes on concessions and tickets.
Also for hotels and restaurants.
Are our biggest sources of revenue and again they generate that generated by about two million little over two million dollars so far.
And we expect at least another half a million dollars because we're guarantee to game six here in Saint Louis.
Are you just kissing the ground every day that -- not -- mark that this happened.
I -- it outlook out of being a sports fan you got lucky financially.
Post season play incarnations.
But this is especially great for city employees this year yeah we are.
That's the city employees have agreed through their employer representatives to furloughs -- sort of in the third year in a row.
That's so that we can now address are rising cost particularly pension and benefit cost.
As well as -- trying to keep our our services that a any at a good level.
And to minimize the number of layoffs because we save jobs by doing these furloughs to the credit of the employees.
It's really great to see that the going to be able to take advantage of the cardinals successes.
Thus far -- really have a year without furloughs this is great.
-- -- but in the future should you better manager finances as a city rather than count on the cardinal to rescue you frank Blake.
-- frankly we've we've managed extremely well under very difficult circumstances stand -- The what we've done is we've we've eliminated.
You know a lot of positions in the past them.
We've we've helped keep our our our costs in check what's happening is our benefit levels which are controlled by the state.
And the other thing is that our revenues have been a relatively flat -- there's been really a slow growth.
So with -- you know we're we're facing.
Some of the same challenges cities all over America are facing.
We have been managing this pretty well with the help of the employees.
With the furloughs and other things but you know it's great to see that.
-- you know -- to share the burden it's great to see that the city employees now are going to be able to benefit from this great World Series were on the run that the cardinals have brought us.
Now you just got -- when it mr.
I just got a when it yes you know we didn't look at -- it was great -- -- -- you thank -- so much for being -- -- thank you thanks so much.
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