On Monday, the Colorado Springs City Council will have a chat about next year's budget, or at least get a little information from the budget folks.
Anyway, because of the decision to call it surplus and keep it, the city could restore some city services, such as streetlights and park programs, or hold off to see what 2011 brings.
And, by the way, 2011 isn't looking very good. City budget staff identifies these pitfalls ahead:
• a double-dip recession that drives sales and use taxes down;
• voter approval of Proposition 101 and Amendments 60 and 61, which would hamstring governments' financing;
• and a voter-approved ban on medical marijuana businesses, which would erode revenue the city has been receiving in licensing fees and taxes from MMJ.
If you want to inform yourself, so you know what's going on, check this out for a more thorough explanation.
'BirdManBlue's' post is directly on point and I appreciate the insight.
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