Chief Financial Officer Gail Reese presented the city's five-year financial forecast. She emphasized repeatedly that the city did not have a projected $10 million deficit, but a projected $10 million gap between revenues and expenses that would require budget adjustments.
A bill authorizing over $77 million to both refinance airport bonds at lower interest rates and pay for new construction passed unanimously, as did a bill allowing corrections officers to vote on retirement issues.
Griego won deferral until Feb. 2, of a bill suing the state over water issues, hoping to get a better sense of what might happen during the state legislative session. Also deferred was a bill further defining land use policy based on the Planned Growth Strategy.
Council Watch
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