Mayor Greg Ballard said the city will have to borrow $154 million to get through the 2008 budget year — that’s in addition to $234 million the city borrowed to make it through 2007 and into the first half of 2008. This sets the stage for Ballard’s 2009 budget, to be made public in August. Candidate Ballard promised to cut $70 million from an already lean budget. Significant cuts to many city services could be in the works. Stay tuned.