Scottsdale officials have proposed a $234.7 million budget for fiscal 2011 that replaces a feared $18 million shortfall with a potential $365,000 surplus.

The budget includes spending cuts, a $6 million reduction in transit spending due to the loss of shared state revenue, and the use of $4.2 million from the city’s surplus fund, but does not call for layoffs or reductions in authorized positions.

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.