Bakersfield has approved a budget with no layoffs.The $461 million spending plan approved Wednesday night squeezes budgets but doesn’t make major cuts or eliminate programs. $19 million is being put into a reserve for the Centennial Corridor project and that caused some discussion. City Manager Alan Tandy said it’s more prudent to put cash in reserves now rather than borrow money for the road project in the future. He said borrowed money costs about two and a half times as much as cash in hand.