The city of Long Beach’s administration last week proposed an $87.9 million budget for the fiscal year 2012-2013, with roughly $4 million going toward the repayment of a portion of the 2011-2012 projected deficit.

“The initial budget blueprint sketches out a responsible framework to return the city to balanced budgeting,” said a summary released by the city.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.