San Bernardino Seal

Ryan Hagen, Staff Writer
Posted: 04/16/2013 12:01:15 AM PDT

SAN BERNARDINO — There’s a lot more clarity, but still a scarcity of good news, the city’s financial consultant said Monday as he presented a proposed budget to the City Council.

Michael Busch of Urban Futures presented the spending plan for the rest of this fiscal year and for the fiscal year that ends in June 2014 in advance of a budget workshop scheduled for the following Monday.

Busch said he was still analyzing some data, but had started getting important information that was not available when he began working with the city shortly before it filed for bankruptcy.

“When I arrived, the cash situation could not be provided with much clarity,” Busch said. “Today I can give you that clarity. ”

One significant improvement is that – as long as a large chunk of the city’s debts continue to be deferred – the city won’t be in danger of not making payroll as it was in the weeks leading up to several pay days in 2012, he said.

To read entire story, click here.