You are the Mayor of the City of Anywhere, Texas and your city is experiencing...
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Finance
You are the Mayor of the City of Anywhere, Texas and your city is experiencing the start of a recession in your state due to a violent drop in oil prices. Your city manager says she is going to propose a $1,300,000 budget for FY 2021-22 to maintain current service levels. Based on the historical budget data for spending by the City of Anywhere, Texas as listed below, how successful do you believe that the city manager will be in convincing her City Council of the need for a $1,300,000 budget for next fiscal year? What do you think the historical, current, and proposed data says about the validity of the city manager's proposed budget and what kinds of questions do you think the City Council would have for the city manager based on the data listed below. 2021-22 City of Anywhere Proposed Budget Actual 2018-19 Actual 2019-20 Adopted Budget 2020-21 Budget Estimate 2020-21 Proposed Budget 2021-22 $1,000,000 1,100,000 1,200,000 $1,050,000 $1,300,000
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