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Galt revenues expected to increase $422,000; property tax takes a hit

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Posted: Saturday, May 26, 2012 12:00 am | Updated: 8:50 am, Sat May 26, 2012.

The city of Galt's anticipated revenues are expected to increase $422,000 this fiscal year, while property tax will take an $81,000 hit based on a decline in assessed values.

The city council will discuss these and other figures at a public meeting on Tuesday.

Approval of the 2012-13 $27.5 million operating budget is anticipated next month. The 2013-14 budget is $27.3 million.

Increases, decreases

Looking into the future, city staff estimates a 3 percent increase to sales tax revenue due to local consumer spending and the opening of the Walmart store.

Revenue from license building fees is also expected to go up in 2012-13, but decrease the following year.

And, revenue from Parks and Recreation programs will go down by about $90,000, but remain consistent in 2013-14 due to increased concession sales at the Youth Complex.

Looking ahead

In the next two years, the city is recommending a number of significant staffing changes to save money. Among them is reducing some positions to part-time hours.

For more information

The draft budget is available on the city's website at www.ci.galt.ca.us under "city departments," then "city manager."

Tuesday's special meeting begins at 6 p.m. in the Galt City Council chambers, 380 Civic Drive, Galt.

Contact reporter Jennifer Bonnett at jenniferb@lodinews.com.

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