Sacramento County last week said it faces a $168.5 million general fund budget gap for fiscal 2009-2010. That’s higher than the previously announced $100 million deficit.

All told, the county expects revenue to fall 7.7% from $2.2 billion this year. The county expects sales taxes, property taxes, and vehicle license fees to decline, while labor costs rise $63.8 million under current collective bargaining agreements.

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.