Petaluma's budget shows improvement, for now

Petaluma's mid-year budget analysis shows a fairly rosy short-term picture, but potential trouble down the road without additional income.

At a special City Council meeting Monday night, Finance Director Bill Mushallo presented an adjusted 2013-2014 budget at the halfway point of the fiscal year.

It shows tax revenues in Petaluma are about $2 million ahead of forecasts, including increases in property taxes, sales taxes, hotel taxes and revenues from city services.

But spending is nearly on par, with expenditures almost $1.9 million higher than expected, increasing the $34.1 million adopted budget to about $36 million.

Ultimately, the general fund – the pot of money used to pay for city salaries and most services – should have about $200,000 extra this fiscal year.

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