Those sentences are from the 2011 Comprehensive Annual Financial Report (CAFR) for Richardson. I'm still trying to figure out where the city thought the money for those employee raises was going to come from. But even more, what raises are we even talking about?Total expenses for fiscal year 2011 increased by approximately $11,374,000 (8.96%) when compared to fiscal year 2010. This increase is predominately due to increases in salaries and employee benefits.Source: City of Richardson.
After the jump, following the money.