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HomeMy WebLinkAbout1992-08-04; City Council; 11831; State budget updateOF CARLSBAD - AGEw4 BILL JZL fi L." - AB # )I, 83 / CITY MI DEPT. CM CITY A' UPDATE ON THE STATE BUDGET MTG. 8/04/92 DEPT. I TITLE: RECOMMENDED ACTION: Accept the staff report, and if necessary, direct staff to return with recommendations related to amending the City's Operating and/or Capital Budgets. 1 ITEM WLANATION: As the State of California continues to struggle with the challenges of balancing their budget, the basic fiscal systems that support local government are under attack. At this meeting the staff will present a short oral report to Council on the current situation in Sacramento and how the most recent budget balancing proposals affect the City of Carlsbad. After hearing the staff's report, the Council may choose to accept the report with no action, or direct the staff to return with further recommendations, information or alternatives related to necessary budget actions. EXHIBITS: None 2 0, 5 4 0 2 z 0 E a d z 3 0 0 I