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Articles

City Revises Ojai Revenue Expectations

By Nao Braverman
Despite the nationwide economic woes, the city’s mid-year budget report shows that Ojai is still on target for this year’s projections.
With new projections showing a slight increase, just over 1 percent more than previously projected in revenues coming in this fiscal year and higher fund balance than expected last year, the city expects to close this fiscal year with just over $3 million in reserves. Still short of the $3.9 million policy target, the general fund balance will nonetheless surpass the initial projection of $2.7 million, said city manager Jere

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