Below is a copy of a memo from staff dated November 28, 2000, projecting a relatively small deficit of $1,229,572. By November 27, 2001, the SAME staff was admitting to a deficit of $18 million, and I believe that the true deficit at that time was closer to $25 million. Even as recently as one year before the current $90 million bond measure was approved, the CURRENT staff was projecting a deficit of less than 10% of the deficit that they admitted to on November 27, 2001.
