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Computation and assessment of a city budgetary cushion

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Question: (Computation and assessment of a city's budgetary cushion) The following information is extracted from the General Fund column of a city's fund financial statements. Compute the city's budgetary cushion. Based on your computation and the textbook discussion of the budgetary cushion rule of thumb, assess the city's ability to withstand a potential near-term economic contraction.

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Reference no: EM131708645

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