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Rocklin City Council Lowers Spending

Posted by Aaron Park on July 09, 2008 at 02:33 PM

The Sacramento Bee Story is posted in its’ entirety…

The Link to the Story

ROCKLIN – Expecting a slow economic recovery, city officials have sliced away at the 2008-09 budget, freezing vacant positions and cutting expenses.

On Monday, staff members presented the City Council with proposed amendments to the $61.3 million spending plan approved last year as part of a two-year budget.

Chief Financial Officer Kim Sarkovich said community development revenue was projected to take a $1.8 million hit this year. In addition, property taxes are projected to drop by $326,000, while sales tax revenue is expected to fall by $889,000.

Although the approved budget reflected a slowdown in construction and consumer spending, officials had not anticipated such a dramatic, broad economic decline.

The council probably will consider the proposed amendments at its Aug. 12 meeting.

– Jennifer K. Morita

Now if only the nimrods in the State Legislature would do the same… we’d have a state budget completed.

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