Quote:
Originally Posted by troutman
GENERAL FUND BUDGET BALANCING - Workshop Jan. 21/14
http://www.glendaleaz.com/Clerk/agen...12114-BW01.pdf
The forecast identified an annual structural deficit (estimated operating expenditures/
contingency in excess of operating revenue) in FY 14-15 through FY 16-17 averaging $14
million per year. Upon the elimination of the temporary sales tax (FY 17-18), the annual
structural deficit averages $30 million per year.
As indicated on December 17, 2013, staff anticipates that significant measures must be
taken over the next two fiscal years. Measures include either revenue enhancements,
expenditure reductions, or a combination of the two. |
Well all those in favour of Bettman keeping the team in Glendale, since all they needed was stable ownership, should be eating some crow.