The City Council on Tuesday night approved a $1.9 billion budget that relies heavily on tapping savings but avoids a tax rate hike, employee furloughs and layoffs. To balance the 2009-10 budget, the city will use $45 million in “rainy day” funds from multiple sources including agricultural preservation, schools, major projects and health insurance.
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- Portsmouth budget avoids layoffs, tax increase (The Virginian-Pilot)
- Beach schools looks at retirements, class sizes to avoid layoffs (The Virginian-Pilot)