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Tag: "FY"

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A Looming Financial Crisis

A Looming Financial Crisis

Editor, Although the economic downturn hurt our city as it did all government agencies, Laguna’s current financial situation has stabilized.  Per the latest budget, we have about $22 million in the bank (albeit mostly earmarked for contingencies, maintenance, and specific capital projects), no long-term debt, and a positive cash flow projected for the next two […]