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Mayor Tom Bates Fiscal Recovery Plan Click here to read the Fiscal Recovery Plan.* With the state budget crisis and the economic downturn hitting
local budgets hard, the City of Berkeley has been coping with the largest
budget deficits in its history and its most serious fiscal crisis in a
generation. On Tuesday, Mayor Tom Bates will release a plan to keep the City’s budget balanced through the decade. This Fiscal Recovery Plan outlines steps the City has taken beginning in 2003 and outlines plans to close deficits projected through the 2009 fiscal year. The fiscal recovery plan, which is based on existing Council policy, reduces spending by over $20 million by 2009 and looks for tax increases of $5.7 million annually. Economic development, fees and fines also help close the projected deficits. “Throughout the fiscal crisis, the City has managed the budget without undermining essential public safety and health services,” said Mayor Bates. “Under this Plan, the City will have cut over $20 million by the year 2009. But without some new revenue, we cannot continue to guarantee the high quality public safety, health, and social services our residents depend on.” Over
the past three years, the City Council has already cut more than $14
million from its general fund budget by eliminating over 100 positions,
reducing programs, and reaching an agreement with City employees to give
up some of their pay. ---- * If you have trouble viewing the document, please contact the Mayor's Office for a copy. Email: mayor@ci.berkeley.ca.us or Phone: (510) 981-7100. This is an Adobe Acrobat Portable Document File (PDF) requiring the program Adobe Reader. You can download a free copy of the program here.) |
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