San Leandro City Budget: Already $1 Million in the Red
Last week the San Leandro Times reported : The city adopted it’s 2009- 2010 budget just last month, but new figures show revenue is already down another million dollars from what was projected just weeks ago. The initial budget had a projected cuts of $2.9 million happen this year. But recent sales tax figures were down by $455,000 and property tax was down $600,000, meaning the city’s budget is already off by over a million dollars. In response, at a city council finance committee meeting, Mayor Santos wanted the state constitution amended: Santos also said that he’d like to invoke the city’s charter, which states that the city can impose an increase in property taxes without a vote, but the state passed Prop. 13 in 1978, which caps the increases. Santos said that he’d like to see the state law changed and that, given the budget situation in Sacramento, now is the time to do it. The continued and growing city defict comes as no suprise. As I noted last month , The budget planned for ...