Tuesday, April 19, 2011

4th Quarter Sales Tax Numbers Announced!

HOT OFF THE PRESSESInterim Finance Director Larry Hurst released the 4th quarter Sales Tax numbers yesterday afternoon. You can read his 15 page report HERE, or locate the link on the City Home Page. One might assume that City CEO Tom Hatch will talk about this report at the City Council meeting this evening.

TRENDS WILL DICTATE BUDGET STRATEGY

Thes
e are the last actual numbers the City will receive before finalizing the 2011-2012 budget, so any trends demonstrated within them will be highly influential in the composition of the new budget.


A BALANCED BUDGET AHEAD
Based
on a quick look at these numbers, it appears to me that the City of Costa Mesa will likely end up with a balanced 2010-2011 budget - perhaps with a small surplus. That really doesn't mean anything when it comes to next year's budget, though, because our current ruling junta seems determined to somehow fabricate a budget crisis that will precipitate more layoffs and, subsequently, release the city from a big chunk of it's pension burden.

BUDGET BRIEFING TUESDAY
Next Tuesday, April 26th, at 4:30 p.m. the City will hold a Budget Briefing as part of a special Study Session. It is assumed that experts in PERS will be on hand to present a view of our situation. This can only be viewed as a good thing, since there seems to be so little trust in the way the numbers are being messed with by our current council.

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1 Comments:

Anonymous Max said...

Righeimer is a genius. He would never provide a wrong estimation. He is smarter than all of Costa Mesa combined. There must be something wrong with this report.

4/19/2011 11:44:00 PM  

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