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Committee defers fiscal 2008–09 budget update as staff monitor growing state shortfall
Summary
Committee members continued the fiscal year 2008–09 budget status update to next week's meeting after the mayor's budget director said state projections show a possible $20 billion shortfall; staff will bring a fuller presentation when the committee has a full complement of members.
The Budget and Finance Committee continued a scheduled fiscal year 2008–09 budget status update to next week's meeting and requested a fuller presentation when the committee is at full strength.
The mayor's budget office told the committee it has been monitoring statements from the governor's office and has not yet seen detailed supporting materials, but staff reported the governor's stated deficit figure has risen to approximately $20,000,000,000 for the coming year and that city staff are actively tracking potential impacts. Committee members agreed to defer a full presentation until more members are present and to review the controller's upcoming nine‑month report once it is released.
No public comment was taken on the item and the committee continued the matter to next week's meeting.
