Showing articles 1 - 1 of 1 tagged as "20092010 budget deficit"

City predicts $30 million deficit for 2010/2011

The Sacramento City Council discussed its 2009/2010 budget Tuesday, but the news of the night was the city’s forecast that it will have a $30 million projected deficit in the 2010/2011 fiscal year. Sacramento’s proposed budget for the 2009/2010 fiscal year would resolve the city’s current project $50 million deficit, but a new deficit is on the horizon. Leyne Milstein, the city’s finance director, said the city is balancing its books for the 2009/2010 fiscal year in part by using $8.3 million in one-time funds. She predicts the $8.3 million projected deficit already expected for 2010/2011 will jump to $30 million. “Gap will grow to $30 million as revenues continue to decline and expense

continue reading
<< first 1 last >> < prev page next page >

Please Log in or Sign up

Existing Members

Sign In Progress bar Forgot Password?

New Users Create an Account Here
Progress bar
Verification email has been sent. To validate your account open the link provided in the message.
There was a problem sending your verification email. Please contact support@sacramentopress.com
Progress bar Login background Tag cloud top Tag cloud background Tag cloud bottom Login manager background