City officials will hold a special presentation 7 p.m. Wednesday at City Hall, 7301 Hanna St., to explain Gilroy’s budget and poor financial health and to clarify any misunderstandings residents may have about indebted funds.

Residents will have a chance to ask questions after hearing about the factors that have led to the city’s pecuniary predicament, according to Public Information Officer Joe Kline.

The presentation will also stream live on the city’s Web site and on Channel 17, and viewers can also call in with questions during the presentation by calling, (408) 846-0279.

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