Butler City Councilman Michael Walter reported at Tuesday’s meeting that the city’s financial outlook is still bleak, but has improved.

Walter said that the city may be $54,000 in the hole by November, as opposed to $300,000 he had previously been told when the city received an auditing report in June by Maher Duessel.

“The past couple weeks, I actually feel good about our budget for the rest of the year,” Walter said.

He attributed the decrease to cuts made across each municipal department.

“As we’re approaching the end of the year, I don’t think we’re going to need to borrow any money,” he said. “If we can postpone a couple things until next year, then we’re in good shape.”

Get a complete report in Wednesday’s Butler Eagle.