As the City correctly noted in August, when headlines trumpeted the alleged shortfall, the May report on which those headlines and finger wagging were based was outdated. Now comes the August financial plan, with updated information the City stands behind:
Not even included in those key findings are two other important issues -- the Council on Revenues’ projection for robust growth for the next six years, and the bids the City has received for project work that are 10 to 25 percent lower than forecast.
So what’s the lesson learned here for the average news consumer? It could be this: