RED BLUFF – With the economy booming, the city’s budget has ups and downs, according to a recent presentation by City Councilor Paul Young
Looking at the 2022-2023 budget, general fund revenue was projected to increase to $164,875 due to taxes. Likewise, social security revenues were projected to increase by $37,160 due to the funds being transferred to aid.
According to Young, the additional expenses raised the budget to $300,558 due to $170,000 in two vacant lots, $58,180 in the surveillance Security System, $29,800 in research compensation, $19,000 in staff, $13,261 in salaries, $13,261 per attorney, $13,261 per attorney13,261 per attorney and attorney13. service.
Public safety expenditures increased the budget to $105,158 due to $50,000 for the purchase of two police cars, $37,160 for COPS Grant supplies, and $18,000 for firefighter salaries.
The 2021-2022 budget saw an increase in revenue to $50,355 and a decrease in expenses to $467,403. Hotel tax revenue increased by $139,000 while sales tax revenue decreased by $30,000. Social security income has increased to $45,149.
Young said since the last payment, the Red Bluff Community Center saw an increase in income of $38,514 Transfers decreased to $149,000, mainly because of the social security tax money.
Expenses were reduced to $467,403 due to police work opportunities of $259,000, and the late purchase of the land at $170,000.
According to Young, the takeaway from all of this is that the city has a large balance sheet that provides stability to meet the conditions, new revenue and a return to average tax rate growth. can reduce the budget deficit, but it may take a few years and if. The city’s economic situation is so weak that it must respond quickly.
In other businesses
Young reported the city’s sales tax for the second quarter.
The number of receipts for purchases that occurred in Red Bluff during April-June 2022 is 3 percent less than the same period last year.
Compared to the same quarter of 2021, revenue decreased by 3.7 percent, excluding adjustments.
There was a significant decrease in vehicles and commercial transport due to insufficient data. Other declines were seen in consumer goods, business and industry.
Gas stations and services, restaurants and hotels saw an increase due to the increase in prices.
