*****revised numbers just provided 1/28/09*****
The Governor’s proposal will cut $140,075 (27%) and leaving $373,813 for 2009. 2010 there will be a $292,501 (57%) cut leaving $201,283 according to the Governor’s proposal. This is the first proposal and these can change dramatically before we get to the final budget numbers.
Cambridge looks to lose 33% in 2009 and 70% in 2010. Times they are a changing....
The drastic cut in 2010 makes our LGA Flip process even more important to accomplish as Isanti would not be affect till 2011 and by then we should be moving strongly forward in our tax base. If these numbers hold we should be in pretty good shape so long as we follow the plan and continue being fiscally disciplined.