NORWOOD, OH (FOX19) - Norwood city leaders are holding an emergency meeting Wednesday night to talk about the budget.
The meeting comes on the heels of Tuesday's city council meeting, where the eight-member panel failed to pass a budget.
If a budget isn't passed by Friday, hundreds of city employees won't get paid.
Norwood missed the March 31 deadline for municipalities to submit their budgets to the Ohio Auditor's Office.
The proposed budget is almost $20 million for the city. On Tuesday, council rejected contract concessions from the city police and firefighter unions. Those reductions would have save Norwood about a million dollars, but the city is facing just a deficit of just over 2.5 million.
Norwood council members are divided over whether to accept the contract concessions. In exchange for the concessions, the unions want council to extend its current contract through 2013.
The emergency meeting is scheduled for Wednesday at 7:30 p.m.