Approve budget balancing strategies and review 5-year financial forecast
In Plain English
The city faces budget challenges that require specific strategies to balance revenues and expenses. Staff will present options for cutting costs or raising revenue to maintain city services. The 5-year forecast shows whether current financial trends are sustainable long-term.
Auto-generated summary. Source: official agenda documents.
Votes
To approve the staff recommended budget reductions totaling $15,184,000 of savings and confirm that there would not be any General Fund subsidy of the Richmond Rent Program
5 to 0
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