Lower tax revenues push Geneva's budget in red

[BECKHAM]

The canton of Geneva is freezing new spending and delaying an initiative to hire new prison guards as lower than expected tax revenues this year are expected to send the government’s budget ballooning almost 250 million francs into the red.

for more... (http://www.thelocal.ch/20150827/lower-taxes-soak-genevas-budget-in-red)