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Calistoga midyear budget update: revenues slightly up, adjustments raise anticipated deficit to about $6.4 million
Summary
City staff reported revenues increased roughly $230,000 at midyear (property taxes +$400,000 offsetting sales-tax decreases) while expenditures and formalized appropriations increase the projected deficit to about $6.4 million; staff said reserves remain sufficient.
Jesse, the newly introduced budget presenter, briefed the council on midyear adjustments to the fiscal-year 2023–24 budget. Staff reported an overall revenue increase of about $230,000, driven by a roughly $400,000 rise in property-tax receipts that helped offset a sales-tax decrease of about $72,000; transient-occupancy-tax (TOT) revenues…
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