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Capitola city manager warns of mid‑term budget gaps as pension and sales‑tax pressures mount
Summary
City Manager Jamie Dolcey told a town‑hall audience that Capitola’s $23 million budget faces mid‑term deficits driven chiefly by volatile sales‑tax revenue and rising CalPERS pension payments; staff outlined reserves, past actions and options to close future gaps.
City Manager Jamie Dolcey told residents at a Nov. 20 town hall that Capitola faces mounting fiscal pressure from two long‑running forces: the volatility of sales‑tax receipts and increasing pension costs. “We’re at a $23,000,000 annual budget at this point,” Dolcey said, and noted that sales tax is the city’s largest and most variable revenue source.
Dolcey emphasized that sales tax can swing widely year to year and that Capitola receives only a small share of the total taxes generated inside its limits, meaning local economic shifts and tourism…
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