The Budget and Audit Committee has unanimously backed a plan to set a maximum deficit for the next budget year while pushing for an upgrade to the city's financial system for better multi-year projections.

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Sacramento's Finance Director warns of a looming $60 million budget deficit and 138.5 vacant positions, raising concerns about the city's financial future.

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Sacramento's liability insurance market is facing a crisis as "nuclear verdicts" lead to skyrocketing costs and risky settlements.

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