By Cecilia Chan for The Arizona Republic
The spending plan includes a $17 million placeholder for management of the city-owned Jobing.com Arena, home of the Phoenix Coyotes.
The city’s tentative budget reflected nearly 50 employee layoffs as the city looked to close a $35 million shortfall.
The city’s $579M spending plan includes four components; a $347M operating budget, a $106.2M (total of all departments) 5-year capital improvement budget, an $86M debt service budget and a $39M contingency appropriation budget.
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