Grass Valley Budget Faces $200,000 Deficit
Grass Valley Budget Faces $200,000 Deficit
Though revenue from Measure N is up, but property tax dollars that feed the Grass Valley general fund are relatively flat compared to last year. As a result the budget picture for the next year is a bit challenging. According to the City…
Though revenue from Measure N is up, but property tax dollars that feed the Grass Valley general fund are relatively flat compared to last year. As a result the budget picture for the next year is a bit challenging. According to the City Finance Director Mette Richardson, the city will be in a deficit of about $200,000. The largest expenditure impact on the budget is the increase in PERS contributions. City management is asking the city to pass what is called a ‘continuing spending resolution’ so that the City will continue to operate while budget details are resolved.
Click here to listen to Bob Richardson
The fiscal year starts July 1. Staff is anticipating a final budget prepared for the July 22nd City Council meeting.
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