Compton : Budget Down $10.8 Million but No Layoffs Are Seen
Despite having $10.8 million less to spend in the coming year, the City Council adopted a budget Tuesday night that did not require any layoffs.
Thirty-seven positions, however, are expected to be eliminated through attrition measures such as retirements, City Manager Howard Caldwell told the council.
The 1990-91 budget is $81.7 million, compared to this year’s budget of $92.5 million. The difference, which is equal to an expected drop in revenue for the city, is largely due to a reduction in proceeds from redevelopment bonds.
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