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Articles

City May Dip Into Reserves

By Daryl Kelley

For Ojai, the new year is sure to herald an era of strict limits on municipal government, as revenues continue to fall and city services are likely to be cut. A sharp decline in hotel and sales taxes has eliminated a once-robust budget surplus and the city is likely to dip into reserves before the end of this fiscal year on June 30, city manager Jere Kersnar said this week in a stark analysis of Ojai’s financial health. “How to balance our budget will be the overwhelming issue in the coming year,” Kersnar said in an interview. “We’re just starting

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