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C i t y o f R e d w o o d C i t y <br />C i t y o f R e d w o o d C i t y <br />III. Recommended Budget <br />III. Recommended Budget <br />Budget Study Session <br />Budget Study Session <br />2008-2010 <br />2008-2010 <br />B. Options and Next Steps <br />B. Options and Next Steps <br />Options the Council may consider: <br />Options the Council may consider: <br />Before July 13 adoption (via June 22) <br />Before July 13 adoption (via June 22) <br />• <br />• <br />In response to potential State <br />In response to potential State <br />• <br />• <br />“borrowing”of $2.9 million in property <br />“borrowing”of $2.9 million in property <br />tax revenues and $1.2 million “take”of <br />tax revenues and $1.2 million “take”of <br />gas tax revenues* (September 14) <br />gas tax revenues* (September 14) <br />During Fiscal Year 2009-10 <br />During Fiscal Year 2009-10 <br />• <br />• <br />* “borrowing”and “take”in dispute at this time <br />40 <br />