A follow-up briefing on various adjustments to the city's budget, including funding for vehicle replacements, wildland firefighting expansion, Public Lands equipment, a pedestrian bridge, and significant capital improvements for city facilities (Old Library, Justice Courts, Plaza 349). Also includes funding for homeless resource center salaries and parking wayfinding signage. This amendment involves substantial one-time and ongoing expenditures.
At a glance
Rising — being discussed more frequently. 2 mentions in the last 30 days, 1 the 90 before that.
The amendment accounts for significant increases in revenue and corresponding adjustments to expenditures.
The agency and potentially future projects funded by the CRA will benefit from the accurate accounting of increased revenues.
Property owners, including homeowners and businesses, would see their tax bills increase.
The CRA is proposing a budget amendment to account for higher-than-expected tax increment revenues and interest income. This amendment will adjust expenditures and set aside additional funds for future allocation, including a transfer of housing funds.