HomeMy WebLinkAboutAgenda Report - October 7, 1992 (70)aOF CITY OF LODI COUNCIL COMMUNICATION
AGENDA TITLE: 1992-93 Operating Budget Discussion
MEETING DATE: October 7, 1992
PREPARED BY: City Manager
ACTION: None required. Information only.
BACKGROUND INFORMATION: Actions of the State Legislature in balancing the
State's budget has resulted in a reduction of
property tax revenue to the City of approximately
$430,000. City Council and staff action to date has
met this deficit, but additional considerations are necessary in preparation
for the anticipated significant revenue shortfall in the 1993-94 operating
budget. Department heads have prepared operations and staff level reductions
in various levels of severity. Staff will be looking to the City Council for
policy decisions as we move to the adoption of a final operating budget for
1992-93.
FUNDING: None required
Respectfully submitted,
Thomas A. Peterson
City Manager
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CCCOM609/TXTA.07A
1 APPROVED.
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City Manager
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