Walmart’s construction delays in Galt have cost the city tens of thousands in lost sales tax.
The store was originally scheduled to open by mid-2013, and is now looking at a mid-2014 opening date, according to Galt City Manager Jason Behrmann.
The city is facing a $41,000 sales tax shortfall in the current fiscal year, which ended June 30, and $383,000 in next fiscal year. Behrmann said the latter is primarily a result of projected sales tax from the big box store.
These and other changes between the 2012-13 budget and the upcoming 2013-13 budget will be discussed at a special Galt City Council meeting on Tuesday. A report on the capital improvement budget will also be heard.
Other major budget changes include:
- An overall increase in general fund revenues than projected for 2012-13, but a decrease of approximately $288,000 in 2013-14.
- Repayment of property tax administrative fees of about $138,000 in the current fiscal year due to a lawsuit the city filed against the county.
- A $73,000 increase in building permit fees for next fiscal year.
Walmart has received landscape plan approval and Health Department approval, and has relatively minor revisions remaining on the architectural, security and fire sprinkler plans, according to Behrmann.
Community Development staff is working to help Walmart finalize all of its plans, with construction projected to begin in September, he said.
The city council meets at 6 p.m. Tuesday in the council chambers at City Hall, 380 Civic Drive, Galt. The final budget approval is scheduled for June 4.
Contact reporter Jennifer Bonnett at email@example.com.