Each year during the budget process, suggestions for changes to the proposed budget are brought forward by the Commission and staff. Attached to this item is a matrix of suggested changes that have been received as well as the staff options presented on how to address the revenue shortfall created by lower than expected state revenue estimates.
In addition to the items included on the matrix the CRA Agency at its August 12th meeting approved creating a business assistance fund of $500k from cash reserves to address economic recovery solutions as the city emerges from the pandemic. Disbursal of these funds will still go through city board and CRA Agency approval processes. In addition, the CRA budget also included $20k for the Woman’s Club that was not included in the original proposed budget.