City’s Budget Shortfall Tops $200-Million Mark
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The city’s projected budget deficit for the next fiscal year has topped $200 million and could get worse. City officials were expecting a $170-million local shortfall, but said Wednesday the state’s $35-billion cash crunch will increase the damage.
Ben Rosenfield, the mayor’s budget director, expects an $85-million hit from the state, just from the first $10 billion in statewide reductions proposed earlier by Gov. Gray Davis. The city still has to calculate the effect of the additional $25 billion in cuts Davis announced Wednesday.
For the record:
12:00 a.m. Dec. 21, 2002 For The Record
Los Angeles Times Saturday December 21, 2002 Home Edition Main News Part A Page 2 National Desk 9 inches; 342 words Type of Material: Correction
San Francisco shortfall -- A brief in Friday’s California section on budget woes in San Francisco misstated the nature of the state’s budget deficit, saying that Gov. Gray Davis had announced an additional $25 billion in cuts. In fact, Davis has proposed about $10 billion in budget cuts, leaving a remaining deficit of $25 billion.
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