The Orion

City approves deficit reduction plan

The Chico City Council met Tuesday to approve a plan to decrease its $15.2 million deficit. Photo by Bill Hall.Photo credit: Bill Hall

Bill Hall

December 18, 2013

Chico is taking steps to put its financial house in order with a long-term plan to address the city’s daunting fiscal situation. The city has about $15.2 million in deficits within six funds where revenue sources have been depleted. The City Council approved a plan on Tuesday that would pay $1.52 million over 10 years to addr...

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