In the Council discussion and attachments for tonight's meeting, a few things of note:
- The city's $14 million deficit went up to $15 million with the 4% cut projected by the Legislature last week. The city lost a total of $1.4 million in that change, but $400,000 got added back into the city budget, as the loss of state aid to the city lowered the amount required for the foundation budget.
- Several parts of the City Manager's list of ways that he's projecting cutting that down to $5.5 million depend on Legislative action: a change in the pension schedule (something which was rejected last year), the early retirement option. Thus the asterisks.
- We only get the airport money once.
- FY12 is projected to be worse. Or at least not to be better.
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