Fullerton officials have grappled with rocky budgets for years but revelations just this week put the municipal spending pool in peril after city staff erroneously accounted for $10 million in reserves.
Instead of being in the contingency fund, that money’s already been spent across a host of programs – leaving city reserves dangerously low while officials grapple with a nearly $14 million budget deficit.
Now, city council members are considering what types of spending cuts to make as budget season nears – with some floating ideas of a potential sales tax increase measure this November to bail the budget out…