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Local Government Finance and Deficit Suppose you work for the city budget office. The chief...

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Finance

Local Government Finance and Deficit Suppose you work for the city budget office. The chief budget officer for the city reports to the staff that revenue are 7.3 percent below the forecasted level of $9.4 million for the first 5 months of the budget year. She asks for ideas on what, if anything, should be done to deal with the problem. For this question, you can make reasonable assumptions about the overall legal, political, and economic condition the city is in, but state your assumptions clearly and what data and information resources you could use to support your assumptions. For example, if you think the economic environment plays a role, explain where you will go to look for related economic information. Limit your answers to no more than one single-spaced page

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