Lockport in Serious Financial Trouble

August 20, 2014 Updated Aug 20, 2014 at 7:14 PM EDT

By Hannah Buehler

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August 20, 2014 Updated Aug 20, 2014 at 7:14 PM EDT

LOCKPORT, NY (WKBW) The City of Lockport is facing a financial crisis. It could run out of money soon, if it does not make some serious changes.

The city has recently been audited by the State Comptroller’s Office, and is facing a nearly 5-million-dollar deficit.

The fire department is among the first to see potential cuts.

Channel 7’s Hannah Buehler has more in the video.