The eventual loss of the Janesville Acoustics plant will leave gaping holes in local budgets.
On Wednesday, Janesville officials announced the Norwalk facility will begin phasing out workers later this year, with the plant scheduled for total shutdown by the end of 2014, leaving nearly 300 employees jobless. The company said it will build a facility in Kansas, Missouri or Nebraska -- closer to its customer base.
The closing of Janesville will dramatically affect the city of Norwalk's revenue stream.
In 2012, Janesville produced $226,719 in income tax receipts, according to Michelle Reeder, assistant city finance director.
A story about this subject was published in Friday's Norwalk Reflector.