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Monterey officials confirmed cuts to battle the city’s 5-million dollar budget deficit this week.    Some of the cuts include a 1-day-a-week closure for the Monterey Pubic Library, laying off part-time library employees, along with foregoing it’s annual 4th of July fireworks and parade.   The library board is expected to consider reducing it’s operating schedule during it’s June 23rd meeting.   The city now plans to begin a process known as program budgeting, that involves the public in setting priorities for spending.