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City budget better than expected


Grass Valley’s finances fared better than expected during the pandemic, with revenue from sales tax, transient occupancy tax and building fees all exceeding expectations.
According to City Finance Director Andy Heath, mid-year projections for the 2020-21 fiscal year will leave the general fund with a surplus over $350,000.
General fund revenue was about $911,000 more than expected, while its expenditures were about $580,000 more than budgeted.
Heath said at Tuesday’s Grass Valley Council meeting that the COVID-19 pandemic did not affect the city’s sales and transient occupancy taxes as much as they anticipated with their conservative approach.
Sales tax revenue was $150,000 more than expected at $6.5 million, which is about the 2018-19 level. ....

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