Tag Cloud
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