HomeMy WebLinkAboutAgenda Report - October 6, 2008 B-01 SMAGENDA ITEM B-01
CITY OF LODI
COUNCIL COMMUNICATION
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AGENDA TITLE: Presentation Regarding Revised 2008-09 General Fund Revenue Estimates
MEETING DATE: October 6, 2008 (Special Meeting)
PREPARED BY: City Manager
RECOMMENDED ACTION: Receive presentation regarding revised 2008-09
General Fund revenue estimates.
BACKGROUND INFORMATION: The decline in the economy is requiring that the City
adjust revenue estimates for the current 2008-09 fiscal
year. Major General Fund revenue sources, such as
sales tax, motor vehicle fees, and property tax, are all trending lower than expected. Staff will
provide a presentation with regard to updated General Fund revenue projections and
implications for expenditures.
FISCAL IMPACT: Decreased General Fund revenues and proposed reduction in
expenditures.
Blair King, City M n r
APPROVED:
Blair King, City Manager