The City Controller has signed off on the mayor’s plan to use a $30 million reserve to hedge tax proposals expected to bring in $25 million in 2004-05, should voters give the affirmative in November. “In my opinion, the revenue estimates contained in the mayor’s FY 2004-05 proposed budget are reasonable based on our knowledge of current and projected economic conditions,” Ed Harrington wrote in his annual revenue letter Monday.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s