SCVNews.com | City Anticipates Revenue Increases In Next Yea

SCVNews.com | City Anticipates Revenue Increases In Next Year's Budget


City Manager Ken Striplin reported Monday on the draft budget for the upcoming fiscal year, delivering his report to the Santa Clarita City Council Budget Committee, which consists of Mayor Bill Miranda and Mayor Pro Tem Laurene Weste.
The total city budget is estimated at $240.2 million, representing a 13% increase over the current fiscal year. That total includes the city’s general fund, which Striplin said is projected at approximately $120 million, or a 9% increase in revenue.
The city is also projecting a 22% increase in sales tax revenue, 4% increase in property tax revenue, 8% increase in development revenues and a small increase in revenues from parks and recreation fees. Meanwhile, revenue from franchise fees and the city’s hotel tax are expected to remain flat.

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