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Lodi city manager urges use of pension reserve, one‑time infusions and lobbyist funding to shore up fiscal health
Summary
At a Jan. 28 special meeting, Lodi staff reviewed the council’s 2023 strategic priorities and recommended using the city’s pension stabilization reserve and a one‑time $8 million infusion for vehicle and facility maintenance, while advising council to consider midyear funding for a state/federal lobbyist.
Interim City Manager James presented an update on the council’s fiscal‑health priority, telling the City Council that staff will return a resolution updating milestone language after council direction.
James said taxes remain the city’s largest revenue source, accounting for "over 60%" of general fund revenue and cited roughly $56,000,000 in annual tax receipts. He noted the city also receives about $7,000,000 a year as a payment‑in‑lieu from the city‑owned electric utility and…
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