Wednesday, December 9, 2009

County's fiscal situation



This memo has been sent to the Board of Supervisors regarding the County's fiscal situation.


The current projections show our Proposition 172 and realignment sales tax revenues will fall short of budgeted revenue for this current fiscal year by more than $200 million. The CEO is preparing a plan to mitigate the shortfall, which will be presented to the Board in January.


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