Bagshaw unveils budget balancing package

This morning Budget Chair Sally Bagshaw published her initial balancing package, incorporating a portfolio of self-balancing changes to the Mayor’s proposed budget based on last week’s proposals by Council members that received consensus support. Last’s night’s election results show that Initiative 976 will likely pass; it will blow a $35 million hole in the city budget that will need to get addressed in the next three weeks, making the initial balancing package very much a work in progress. That said, anything that didn’t make it in at this point is very unlikely to find its way in later as the …

Continue reading