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DBI projects shortfall but expects apartment-license fees and fund balance to cover gap
Summary
DBI reported year-to-date revenues below projections but said a nearly $5 million apartment-license fee and an approximately $7.8 million fund balance should help meet the fiscal-year budget; DBI also noted about $2 million in permit fees deferred at the request of redevelopment and housing offices.
The Department of Building Inspection told the commission it is tracking revenues below projections but expects one-time receipts and the fund balance to close most of the gap.
At the Jan. 8 meeting the director said year-to-date revenues are not meeting projected budget figures but that the apartment license fee, "which…
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