Though revenue from Measure N is up, but property tax dollars that feed the Grass Valley general fund are relatively flat compared to last year. As a result the budget picture for the next year is a bit challenging. According to the City Finance Director Mette Richardson, the city will be in a deficit of about $200,000. The largest expenditure impact on the budget is the increase in PERS contributions. City management is asking the city to pass what is called a ‘continuing spending resolution’ so that the City will continue to operate while budget details are resolved.
The fiscal year starts July 1. Staff is anticipating a final budget prepared for the July 22nd City Council meeting.