Because of last year's challenging budget cycle, and the resulting half mill tax increase, I've mentioned to LAT staff that I am very interested in tracking revenue and expenses throughout the year.
While reviewing the monthly department reports for tomorrow night's BOC meeting, I noticed one indicator that 2009 may be shaping up to be just as challenging as 2008. From the January, 2009 Community Development report:
- Total fees collected for January 2009, $8,943.35
- Total fees collected for January 2008, $17,956.56
Year over year, January construction permit fees underperformed by $9,013.21, or 50%. According to the copy of the LAT budget I can lay my hands on, construction permit revenue is projected to be down just over 27% for the entire year.
Of course, it's not a one year trend.
From the January, 2008 report:
- Total fees collected for January 2008, $17,956.56
- Total fees collected for January 2008, $23,422.00
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