.

Council Holding Special Meeting to Review Budget

The budget for the 2012/2013 fiscal year will be the subject of a public hearing on June 4.

The Foster City City Council will meet in a special session today to review the 2012/2013 budget and Five-Year Financial Plan to address a structural deficit the city faces.

The budget for the next fiscal year projects a $1.3 million deficit, and the 2013/2014 budget a deficit of $1.6 million.

That follows two years in which the city has depleted its reserves with $6 million in deficit spending.

The basis of the review is a the city manager’s office issued on May 3.

The 2012/2013 budget will be the subject of a public hearing on June 4.

The 2011/2012 fiscal year ends on June 30.

The meeting will be held today at 4 p.m. at City Hall and is open to the public.

For more news about Foster City and surrounding areas,  and "like" us on Facebook. Sign up for our daily newsletter here.

Want to blog for us? Click here.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something