Tuesday, October 13, 2009
SpecialPresiding: Chair/Mayor Gayle McLaughlin · Called to order: 6:35 p.m. · 2 items · 1 votes · 8 public comments
What happened
- Approved $13 million budget adjustment using utility tax revenue to cover shortfalls, 6-1 (Lopez dissenting).
- Approved budget changes for Richmond Community Redevelopment Agency.
Auto-generated summary from agenda items and vote records
View official: MinutesAttendance
Budget(2 items)
Adjust city budget using $13 million utility tax revenue to cover revenue shortfalls
In Plain English
The city faces budget shortfalls in both the current and next fiscal years due to lower-than-expected revenues. The city plans to use $13 million from utility users tax to fill gaps in the general fund. If approved, both operating expenses and capital improvement projects get reduced to match available money.
Auto-generated summary. Source: official agenda documents.
Votes
Motion to approve staff's recommendations and direct staff to continue to work on the ideas that were expressed by the Councilmembers and public speakers and present the results and analysis about changes in the City of Richmond's financial status, specifically Chevron, Point Molate, and Measure T, before December 15, 2009, and include a report on whether any or all layoffs could be averted through other means
6 to 1
Approve budget changes for Richmond Community Redevelopment Agency
In Plain English
The redevelopment agency needs to adjust its current budget to cover $56.5 million in operating costs and debt payments. The agency also wants to update its 5-year capital project budget to $95.5 million. These changes reflect updated costs for ongoing redevelopment projects around the city.
Auto-generated summary. Source: official agenda documents.
Votes
Motion to adopt Resolution No. 09-36