Tiburon council approves surplus on $18.34-mil budget
After being forced to do some fiscal maneuvering to avoid a budget deficit this year, Tiburon’s fiscal 2021-2022 outlook is more optimistic: The town is projecting a surplus on its $18.34-million municipal budget, estimates that don’t yet include an estimated $2.17-million windfall in federal pandemic-relief money expected to arrive in mid-July.
The Town Council at its June 16 teleconference meeting voted 4-0, with one vacancy, to approve the budget, which has a $14.35 million operating budget against $14.44 million in revenue, for a surplus of $97,455. The remaining $3.98 million of the overall municipal budget goes toward capital improvements, equipment expenses and pass-through debt service. The new fiscal year starts July 1.
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