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Wednesday: Atherton meets on budget shortfall

 

The Atherton City Council will get a second look at the draft 2010-11 budget at its meeting Wednesday, May 19. The meeting begins at 7 p.m. in the Town Council Chambers at 94 Ashfield Road.

Town staff presented a draft budget in April with a projected revenue shortfall of $1.2 million, but since then, that figure has risen to nearly $1.4 million.

City Manager Jerry Gruber is recommending that the shortfall be made up, in part, by tapping about $889,000 from the special parcel tax fund for police services, and about $500,000 from the Building Department operating reserves, according to a staff report.

The draft budget assumes a property tax revenue increase of only 1.25 percent, and an overall revenue decrease in the general fund of 0.8 percent from last year, according to the report.

Click here to see the meeting agenda and staff reports.

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