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Chico officials get the grim financial news Tuesday---the city has been spending money it doesn't have. That's the opinion of the city's new Administrative Services Director. Chris Constantin will tell the City Council Chico has lost more than 20 million dollars of its cash assets in the last five years. And unless something is done, the city won't be able to make payroll by the end of December. He's sugesting a 10 year plan to get the city back on firm financial footing.

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