Thursday, December 30, 2010

City Budget Agreement Avoids Layoffs

Perhaps the earthquake helped them come up with robbing from the pension fund to avoid lay offs?

"The agreement fills a $54 million budget hole without anyone losing his or her job. It borrows millions of dollars from the workers compensation fund and emergency reserve accounts. It also relies on a sharp reduction in police overtime, as well as a tax amnesty program that may or may not produce the desired one-time revenue amount."

Story Here

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