And that is just for this fiscal year. The budget for 2010 should be a real adventure. A requirement for making the numbers works, scaling back the $227m. in bonds the city and Chamber flogged past voters in November.
I have no idea how the city could possibly be projecting a $3.2m. increase in revenue — they should be assuming a contraction and rolling from there.
Oh, well — live and learn. Detroit-on-the-Catawba here we come.
