City Council is at a "budget retreat" all day, meaning they're retreating to the council chambers to discuss the lay of the land for the next fiscal year (i.e. "How fucked are we?").
Denis will be reporting on the budget discussion in relation to the cops' budget later today, but for now, this choice quote from City Economist Josh Harwood explaining the future of the city economy: "We are muddling along, slightly as expected. There's some good news and some bad news, but we're not breaking out."