By Kyle Daly | Maricopa Monitor
The city’s proposed budget for the coming fiscal year sweeps away a previously forecasted structural deficit in which expenditures were expected to exceed revenue by $500,000.
Following a review process, city staff was able to drop an original expenditure request of about $35.8 million to $29.9 million.
“In effect, the structural deficit has been eliminated,” City Manager Gregory Rose told city council members at a Budget, Finance and Operations subcommittee meeting on Monday.
