The struggling California Musical Theatre in Sacramento will receive $300,000 from the city to help it stay afloat. The Sacramento City Council unanimously decided Wednesday to loan the amount to the theater over the next three years. The theater can withdraw the money in $50,000 increments each quarter until the $300,000 total is reached, according to a report by city staff. The money will go toward the theater’s operations. California Musical Theatre runs Music Circus, the Broadway Series and Cosmopolitan Cabaret. “It’s an important piece of downtown,” Councilman Jay Schenirer said, referring to the theater. The business the theater brings to downtown is “incredibly important,” he add