Mayor Tom Potter has just sent a letter to all four City Commissioners and the City Auditor detailing six additional expenditures he will be able to fund in the budget.
Included among them is $100,000 for the Bicycle Master Plan Update process. Here’s an excerpt from the letter:
“OMF (Office of Management & Finance) has advised me of $2 million in additional revenue in FY 2006-07 from higher than expected business license receipts. These funds were received and reported following the April 15 business tax filing deadline. This well result in $2 million in additional one-time funds for FY 2007-08. The timing of this good news fits well with the budget approval on May 16.