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Budget surplus helps trim pension liabilities
Original post made
on Nov 11, 2011
With the state bleeding red ink and many California cities and school districts also facing budget woes, the city of Pleasanton has found itself with a $3.5 million surplus as it closed the books on fiscal year 2010-11. That's to the credit of better-then-expected property tax revenue of $48.6 million, albeit only 0.4% above forecast, sales taxes that came in at $18.5 million, well over $1 million better, and other revenues leaving the city coffers with $87,832,845, a 2% gain over projections.
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posted Friday, November 11, 2011, 12:00 AM