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City Should Have Acted Sooner to Curtail Excess Budget
Deficit of $58 million in city of Sacramento budget reflects poor leadership from mayor
Special to The Union
Published: May 13, 2008 12:16
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Excerpt: {magazine_leadin}Editor’s Note: The Sacramento Metro Chamber of Commerce thru their political action committee has endorsed Kevin Johnson for Mayor. SACRAMENTO—The city of Sacramento’s $58 million budget deficit ballooned because Mayor Fargo did not act sooner and bolder last year when the crisis was impending. City officials released details of the 2008-09 budget last Thursday that showed the need to dip into the city’s reserve fund of $30 million to weather the crisis. “But it’s only a partial fix, as of now $20 million…
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