San Luis Obispo Tribune Logo

San Luis Obispo faced with $1.5 million sales tax shortfall | San Luis Obispo Tribune

×
  • E-edition
  • Home
    • Customer Service
    • Contact Us
    • Mobile & Apps
    • Submit an Event
    • Buy Photos
    • News in Education
    • FAQ
    • Activate Digital Subscription
    • Manage Account
    • Newsletters

    • News
    • Local
    • Crime
    • Education
    • Environment
    • Investigations
    • California
    • California Weed
    • Nation & World
    • Lottery
    • Weather
    • Weird News
    • Submit a News Tip
    • Columns
    • Photos from the Vault
    • Weather Watch
    • Joetopia
    • That's SLO Weird
    • Sports
    • Outdoors
    • High School
    • Cal Poly
    • MLB
    • MLB Scores & Stats
    • NBA
    • NBA Scores & Stats
    • NFL
    • NFL Scores & Stats
    • Politics
    • The California Influencer Series
  • Business
    • Living
    • Food & Drink
    • Wine & Beer
    • Home & Garden
    • Travel
    • Columns
    • Linda Lewis Griffith
    • Pet Tales
    • Entertainment
    • Arts & Culture
    • Comics
    • Puzzles & Games
    • Horoscopes
    • Restaurants
    • Events Calendar
    • Movies
    • Music
    • TV
    • Opinion
    • Editorials
    • Viewpoints
    • Influencers Opinion
    • Editorial Cartoons
    • Letters to the Editor
    • Submit a Letter
    • Columnists
    • Tom Fulks
    • Andrea Seastrand
  • Obituaries
  • The Cambrian

  • Contests
  • Today's Circulars
  • Classifieds
  • Jobs
  • Moonlighting
  • Cars
    • Homes
    • Real Estate Weekly
  • Place An Ad

  • About Us
  • Work For Us
  • Mobile & Apps

Local

San Luis Obispo faced with $1.5 million sales tax shortfall

AnnMarie Cornejo - acornejo@thetribunenews.com

    ORDER REPRINT →

February 22, 2010 11:38 PM

San Luis Obispo faces a $1.5 million budget shortfall because of a higher-than-anticipated decline in sales tax revenue.

As a result, city staff will recommend to the City Council tonight during a midyear budget review that a hiring freeze be continued and that all travel and training requests be approved by City Manager Katie Lichtig on a case-by-case basis.

Future saving options include delaying capital improvement projects such as road improvements. A list of recommended projects has not yet been issued.

The city’s total budget for 2010-11 is proposed at $99.6 million.

SIGN UP

Sign Up and Save

Get six months of free digital access to The Tribune

SUBSCRIBE WITH GOOGLE

#ReadLocal

Finance Director Bill Statler said that revenues from sales and transient occupancy taxes are down considerably. Both are essential sources of the city’s income, making up more than 40 percent of the general fund.

Statler anticipates the declining revenues to “hit the bottom soon” and that a slow recovery will follow.

The estimated $1.5 million shortfall may fluctuate slightly after the city gains a clear picture in April of last quarter’s sales tax revenue, which includes Christmas sales, Statler said.

“The bad news is that even with the best of reasonable assumptions, we still have about a $1.5 million problem to get our reserves back to where we want them to be,” Statler said.

The City Council is slated to review suggested cuts to close the deficit in June.

  Comments  

Videos

Frosty morning in Santa Margarita

Injury collision on Cuesta Grade involving SUV and semi-trailer

View More Video

Trending Stories

Woman and child injured in major crash between SUV and big rig on the Cuesta Grade

February 20, 2019 03:26 PM

An unsettling sight: Someone strung dead coyotes along a fence near Oakdale

February 20, 2019 12:04 PM

Nike probing Zion shoe malfunction that led to injury

February 21, 2019 07:37 AM

3 SLO County high schools are among the state’s lowest-performing. Here’s how yours stacks up

February 20, 2019 03:53 PM

Snow is on the way to SLO County — and it could even dust Bishop Peak

February 20, 2019 11:52 AM

Read Next

Paso woman pleads not guilty in death of man who allegedly tried to stop her driving drunk

Crime

Paso woman pleads not guilty in death of man who allegedly tried to stop her driving drunk

By Matt Fountain

    ORDER REPRINT →

February 21, 2019 12:12 PM

Sarah Hale of Paso Robles, California, pleaded not guilty Thursday to felony vehicular manslaughter and DUI charges for the December death of a 21-year-old man who allegedly tried to prevent her from driving.

KEEP READING

Sign Up and Save

#ReadLocal

Get six months of free digital access to The Tribune

SUBSCRIBE WITH GOOGLE

MORE LOCAL

These SLO County restaurants scored highest, lowest in health inspections in January

Restaurant News & Reviews

These SLO County restaurants scored highest, lowest in health inspections in January

February 21, 2019 10:59 AM
Love chicken? A new El Pollo Loco restaurant just opened in SLO

Restaurant News & Reviews

Love chicken? A new El Pollo Loco restaurant just opened in SLO

February 20, 2019 03:37 PM
3 SLO County high schools are among the state’s lowest-performing. Here’s how yours stacks up

Education

3 SLO County high schools are among the state’s lowest-performing. Here’s how yours stacks up

February 20, 2019 03:53 PM
Woman and child injured in major crash between SUV and big rig on the Cuesta Grade

Local

Woman and child injured in major crash between SUV and big rig on the Cuesta Grade

February 20, 2019 03:26 PM
People are tossing confetti on this SLO hill — and it could cost them $500

Environment

People are tossing confetti on this SLO hill — and it could cost them $500

February 20, 2019 05:29 PM
Debbie Peterson quits Grover Beach council, accuses colleagues of corruption

Local

Debbie Peterson quits Grover Beach council, accuses colleagues of corruption

February 20, 2019 05:03 PM
Take Us With You

Real-time updates and all local stories you want right in the palm of your hand.

Icon for mobile apps

San Luis Obispo Tribune App

View Newsletters

Subscriptions
  • Start a Subscription
  • Customer Service
  • eEdition
  • Vacation Hold
  • Pay Your Bill
  • Rewards
Learn More
  • About Us
  • Contact Us
  • Newsletters
  • News in Education
  • Archives
Advertising
  • Place a Classified Ad
  • Advertise with Us
  • Local Deals
  • Public Notices
Copyright
Privacy Policy
Terms of Service


Back to Story