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Loomis council adopts FY 2023–24 draft budget; staff to finalize Gann calculation and review Costco revenue
Summary
Council adopted two resolutions to approve the FY 2023–24 operating budget and position allocations, which staff prepared from the draft Roger Carroll produced. The budget estimates $5.99 million in revenue and $5.596 million in expenditures and anticipates a roughly $394,000 surplus including a projected half year of Costco sales tax revenue.
The Loomis Town Council voted to adopt two staff resolutions that present the FY 2023–24 operating budget and position allocations as prepared by former Treasurer Roger Carroll. Staff said revenues are estimated at $5,991,500 and expenditures at $5,596,000, leaving a projected general‑fund surplus of approximately…
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