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This letter from the CBC outlines a new fiscal strategy that would address the structural imbalance in the City's budget for fiscal year 2010.  The key elements of the new fiscal strategy should be: 1) no new or higher taxes that harm prospects for economic recovery and growth; 2) reduce operating expenditures in ways that lower the cost of producing services rather than the availability of services; 3) target capital investments to support existing facilities and lower future debt service burdens; and 4) do not rely on inappropriate non-recurring revenues.