Adjust city budget using $13 million utility tax revenue to cover revenue shortfalls
In Plain English
The city faces budget shortfalls in both the current and next fiscal years due to lower-than-expected revenues. The city plans to use $13 million from utility users tax to fill gaps in the general fund. If approved, both operating expenses and capital improvement projects get reduced to match available money.
Auto-generated summary. Source: official agenda documents.
Votes
Motion to approve staff's recommendations and direct staff to continue to work on the ideas that were expressed by the Councilmembers and public speakers and present the results and analysis about changes in the City of Richmond's financial status, specifically Chevron, Point Molate, and Measure T, before December 15, 2009, and include a report on whether any or all layoffs could be averted through other means
6 to 1
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