Unlike the state of California and its sea of red ink, the city of Calabasas is forecasting smooth sailing ahead.
Calabasas CFO Gary Lysik recently unveiled a $55million budget for the fiscal years 2008-2010.
The two-year budget, which was passed unanimously by the Calabasas City Council at its first meeting in the new city hall, carries a hefty $55-million in reserves.
Major contributors to the city's income are the sales tax, utility tax and fees for city services. Sales tax recven...
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