Plan to borrow $1 million nixed
Council to make up for shortfall through transfers, short-term loans
By Molly Mulshine
The city council last night voted unanimously to rescind the bond ordinance that would have enabled the city to borrow $1 million to make up for a budgetary shortfall in that amount. A $1 million shortfall in the health care line item of the city’s 2012 municipal budget was announced at the Sept. 19 meeting. […]
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Oct 18, 2012