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Midyear budget: council approves changes after staff report cites Measure B revenue and unappropriated CIP projects
Summary
Council approved midyear adjustments reflecting Measure B transient-occupancy tax increases, one-time reimbursements, and unappropriation of several capital projects pending grants.
City staff presented the midyear budget report and proposed appropriation adjustments at the March 10 meeting; the council approved the recommended changes.
Administrative Services Director Lisette Maldonado said the general fund showed a net increase in projected revenues driven in part by Measure B (the local transient-occupancy tax increase from 12% to 15%), one-time state reimbursements tied to prior floods, and an accounting correction for pension…
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