Suppose you work for the city budget office. The chief budget officer for the city reports to you and other staff members that revenues are 7.3% below the forecast level of $6.8 million for the first five months of the budget year. She asks for ideas on what, if anything, should be done to deal with the problem. The city is prohibited by state law from borrowing to cover operating deficits. Provide a brief for the chief budget officer with a plan of action.
Sample Solution
