The City of Berkeley’s 2009 Annual Report is now online and will be delivered to 60,000 residents and businesses this week. There’s nothing startling in the report, but the extent of economic pressures on the city budget are clear. Property transfer tax declined by a third, as shown in the chart above.
The approved city budget for fiscal year 2010 and 2011 is $657 million, of which $322 million will be spent in the current fiscal year.
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