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6.1 B <br /> MANAGEMENT�S DISCUSSION AND ANALYSIS Page 36 <br /> It is expected that the Council will consider a range of options in the coming years to bring revenues and <br /> expenditures back into balance — reductions in salary and benefit costs for current employees, more <br /> programmatic reductions, and placing tax increases before the voters. <br /> One potential bright spot occurred in November 2010 when the voters approved Proposition 22 which is intended <br /> to prohibit the State from borrowing or diverting revenues from local governments. Should this amendment to <br /> the State Constitution operate as anticipated one significant threat to the fiscal stability of local governments will <br /> have been removed. <br /> CONTACTING THE CITY'S FINANCIAL MANAGEMENT <br /> This Comprehensive Annual Financial Report is intended to provide citizens, taxpayers, investors, and creditors <br /> with a general overview of the City's finances. Questions about this report should be directed to the Finance <br /> Department, at 1017 Middlefield Road, Redwood City, CA 94063 <br /> 13 <br />