It's August and that means it's time for Richardson budget roulette. Will the proposed city budget be balanced? You'd think that would be a simple question. Isn't the city required by law to have a balanced budget? Well, yes, but it all depends on the meaning of
"balanced".
Last year when I
looked at this question, I concluded that the city's 2013-2014 budget was indeed balanced and didn't require use of that sneaky asterisk ("plus reserved fund balance and other financing sources").
After the jump, reviewing that conclusion and looking ahead at 2014-2015.