After Third District County Supervisor James Ramos introduced the Yucca Valley Town Council to his new field representative Mark Lundquist and assistant Christina Garcia, the council heard good news about the town’s budget. Managing editor Tami Roleff explains how good the news was…
The Yucca Valley Town Council learned at its Tuesday night meeting that the town ended its 2014 fiscal year with a surplus of $492,965. The surplus is primarily due to a one-time settlement of $318,000 in transient occupancy taxes and an increase in property tax revenue of $150,000. Town staff reduced expenditures by nearly $722,000 by savings from insurance costs, professional services, and operating supplies. The budget surplus and reduced expenditures resulted in a total reserve fund of $8.3 million, which is 93 percent of the town’s operating budget. The Town Council will decide at its next meeting what it wants to do with the budget surplus.
BUDGET SURPLUS FOR THE TOWN OF YUCCA VALLEY
