City Council agrees to borrow $175M to pay Ash Street lease, replenish other funds

City Council agrees to borrow $175 million to pay Ash Street, Civic Center Plaza leases, replenish other funds

Andrea Tevlin was the city’s first independent budget analyst; she’s praised for integrity, transparency

A revised report said the percentage of the general fund that would be committed by the new borrowing was 21.8 percent. The report provided no explanation for the change in calculation. Structural budget deficits could worsen in the event of a recession or rising inflation, the city acknowledged.

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