Urbana City Officials Are Trying To Remedy A Structural Deficit In Their Budget. What Is That?
For the second year in a row, Urbana's budget plan includes spending cuts meant to address a structural deficit. They'll be part of the discussion on Monday June 10 at 7 PM, when the Urbana City Council holds a public hearing on the budget proposal, followed by a discussion and vote in its Committee of the Whole meeting (a final city council vote is scheduled for June 17). But what's a structural deficit?