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May 2010 home page

 

Del Mar Dollars Down
Bud Emerson | Klish Way

 

Third quarter draft projections show our city budget continuing to be very tight both on money coming in and money being spent.

This year’s third quarter draft revenue projections compared to last year’s at this time:

  • Property tax revenue up to $3.6 this year from $3.3 million last year at this time
  • Sales tax revenue down to $966 thousand from $1million last year at this time.
  • Hotel tax (TOT) revenue down to $1.3 million from $1.4 million last year at this time

This year’s expenditure rate shows the benefit of staff efficiencies and cut backs with draft third quarter projections dropping from $9.3 million to $9.2 million.
These bottom line figures show why we are interested in commercial revitalization, getting visitors to pay their fair share, and redressing the imbalance between service costs and revenue from fair
ground operations.

 

 
 

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