$37.3-Million Budget Coming Before Council

Lake Forest is looking at a 6-percent increase in General Fund spending in its 2012-13 budget proposal.

A $37.3-million operating budget for the upcoming fiscal year will come before the Lake Forest City Council on Tuesday evening for its consideration.

Of that, $33.8 million is proposed for General Fund spending in 2012-13—a 6-percent increase over its 2011-12 expenditures.

But increasing tax revenues mean the city predicts its General Fund revenues will see a 7-percent bump in the coming year, topping out at $34.5 million for a balanced budget.

Estimates of a modest increase in revenues are based on "current economic conditions and indicators and the soft (but, firming) housing market," according to a report city staff wrote to the council.

The council meets 7 p.m. Tuesday in , 25550 Commercentre Drive.


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »