Richmond city budget shows tough times not over

There’s good news and bad news for the city’s budget for 2011-2012. In the positive column, the city’s credit ratings remains strong, there’s money in the bank—$10 million in general fund reserves, essentially a rainy day fund—and funding for the city’s services will for the most part remain intact. The bad news is that every part of city government will experience cuts of some kind, while programs that rely on state funding are under threat of a drastically constricted state budget, and part of the city’s budget relies on ballot measures, which are risky.

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