Forecasts don’t show any sort of turn around

ASPEN — The Aspen city government is budgeting conservatively for 2010, anticipating that there will be no economic recovery, and that there will be
lower revenues and higher operating expenses.“Forecasts don’t show any sort of turn-around,” said City Manager Steve Barwick during the Aspen City Council’s 2010 budget kick-off meeting Wednesday.The 2010 budget is proposed to be sustainable and sets aside $5.3 million in the city’s reserve fund,
which is 25 percent of all expenditures.Drawing from that fund will depend on how bad the winter of 2010 is in terms of snow and tourism.
By Carolyn Sackariason, Oct. 1, 2009 Aspen Times

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