Jennifer Maguire, San Jose’s budget director, has worked for the city for for 18 years, and says she has never seen anything this bad. And she is not hopeful that things will improve fast. “Most economists are predicting a slow recovery,” she said ruefully.
Maguire addressed the City Council as it prepared to vote on the 2009-2010 budget. Within the hour, the Council would unanimously approve Mayor Chuck Reed’s Budget Message, as well as the Operating and Capital Budgets. But leading up to the unanimous decision, which closed an $84.2 million shortfall, Maguire was one of many local leaders who adopted a solemn tone while making dire predictions.
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