Showing articles 1 - 1 of 1 tagged as "20102011 fiscal year"

City budget crisis: The weekly roundup

The past week saw several major developments in Sacramento’s budget crisis, from the city’s forecasts of major deficits in 2010 to a campaign by residents against proposed budget cuts to local parks. Here’s a roundup of the past week’s budget news: Huge deficit predicted for 2010 The Sacramento City Council is studying a slew of proposed cuts to resolve its $50 million deficit. But once the city deals with the current $50 million deficit, it will face a projected $30 million deficit for the 2010/2011 fiscal year, according to Leyne Milstein, the city’s finance director. “Gap will grow to $30 million as revenues continue to decline and expenses increase in FY 2010/2011,” Milstein wrote i

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