Summary
The El Monte City Council and Community Redevelopment Agency met Tuesday to hear some bad news the proposed budget for 2004-05 shows a $3.4 million shortfall.
Clara Wong, assistant city manager for administrative services, reported the likelihood of massive debt for the city up to $8 million by 2008 unless voters pass two November ballot measures.See the full content of this document
Extract
El Monte Forecasts a Looming Massive Debt
One measure is a half-cent sales tax proposed by Los Angeles County Sheriff Lee Baca, which...
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