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It will be paid for by postponing a planned drop in payroll taxes.
California suffered a sharp drop in payroll jobs in the month, in contrast to a gain nationally.
But the county still expects to have a $10 million budget surplus, a result of reduced expenses, including a $6 million drop in payroll costs due to attrition, Ms. Carrano said.
The Yankees represent the second-largest drop in payroll by percentage to only the Padres.
And despite being a big contributor to the leagues revenue-sharing, the Rangers posted a profit of $17.7 million thanks to a $30 million drop in payroll.
However, the committee mentioned that the 1.2 million drop in payroll employment was the biggest factor in determining the start of the contraction.
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The drop in payrolls was worse than feared: many analysts had expected a decline of 50,000 jobs and an unemployment rate of 5percentt.
The economy lost 80,000 jobs in March, the most in five years, after a 76,000 drop in payrolls in each of the previous two months, according to figures from the Labor Department.
Treasuries edged higher yesterday as traders followed through on buying that began last week after a drop in payrolls and a rise in unemployment reinforced hopes for a half-point Federal Reserve interest rate cut next week.
Some 15% anticipated increasing their staffs, while 11% expected a drop in payrolls.
The drop in payrolls was much wider than the 115,000 decline expected by economists and doesn't bode well for Friday's employment report from the government.
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