Next week’s City Council agenda has been released. The hottest item has to be #18, which details on what the acquisition of the County’s library infrastructure & collections will cost: $8,081,596 to buy books, buildings, furniture, fixtures and equipment. It breaks down like this: $580,000 for the old library building in Newhall and $4.72 million for the Valencia library. The rest of the items and materials all add up to the $8 million figure.
Councilmembers will also tackle the 2011-2012 budget, which goes into effect on July 1. The budget for the next FY is $159m, with $160m in projected revenue. The staff report says sales tax continues to be the City’s biggest revenue generator with $26.5 million of general fund revenue (about 34% of the general fund) coming from sales tax.
Meanwhile the money the city gets from developer fees is expected to decrease nearly 6% next year.
But not everything is set to decrease. The City Council will also vote on their own compensation next week. Currently councilmembers receive $1,571/month for their service. State law allows them to increase that by up to 5%, but last time this issue came before the Council, they delayed voting on it.
Also on the agenda:
- Spending $2.8 million to buy some open space land in Haskell Canyon
- Solid waste stuff
Get more here: http://apps.santa-clarita.com/agendas/CouncilAgendaFace.aspx?MeetingID=4656
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