There are $8.127 billion of negotiated deals on tap and a mere $367.4 million of competitive loans slated, none over $100 million. Thirty-day visible supply totals $9.9 billion and net negative supply is at $8.4 billion.
Cityside: Why you should vote yes for Norwich s Pension Obligation Bond norwichbulletin.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from norwichbulletin.com Daily Mail and Mail on Sunday newspapers.
by Mark McDermott
Perhaps no event rang truer to recently retired City Controller Henry Mitzner’s most famed City Hall axiom than the adopted 2021-22 fiscal year budget, which projects the City of Manhattan Beach emerging from an economically devastating time with its economic health somehow better than ever.
“When it’s bad out there, it’s good here,” Mitzner always said. “And when it’s good out there, it’s great here.”
The City Council unanimously adopted a budget at its last meeting in June that is theoretically projected to have a $335,000 surplus, but in reality, after $8.4 million in American Rescue Plan revenues and $1.5 million in other pandemic relief funds filter in over the next year, will more likely show a much larger surplus. Along the way, City Manager Bruce Moe initiated both an early retirement program and a staff reorganization that will result in five fewer positions and over a half million dollars in savings, while a Pension Obligation Bond