Tuesday, October 19, 2010
City's Sales Tax revenue grows by 3.1%
I am encouraged after reading the paper this morning. The Mayor stated he didn't know if it was a trend yet, but it was certainly going in a positive direction. I hope it continues as we go into the shopping season. The Mayor said if there were surpluses, he would look at those holdbacks as well as other city priorities. Good for him. $8.3 million spending freeze in the general fund and $5.3 million spending freeze in the capital fund is significant. I am not saying all of it should be unfrozen but like he said, he will prioritize and reallocate appropriately. Thumbs up, Mayor!