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Council finishes budget adoption Day 2
Thursday, September 10, 2015 by Tyler Whitson
City Council made it through Day 2 of its Fiscal Year 2015-16 budget adoption process on Wednesday after approving several amendments to the working budget that it began shaping on Tuesday. According to Mayor Steve Adler, the General Fund budget at the end of the day was over by about $600,000, and there is still about $2.25 million in unallocated one-time funds remaining, assuming a property tax rate of 45.98 cents per $100 of valuation. Council will reconvene budget adoption on Thursday at 9 a.m. with the goal of completing it by the end of the meeting.
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