Santa Barbara City Council Addresses Financial Concerns
The financial forecast for Santa Barbara has raised concerns, prompting the city council to seek solutions, including potential new taxes or labor cuts.
A recent graphic presented by the finance committee showed that city expenses are increasing while revenues are projected to decline. Sales taxes, in particular, have been described as "softening," impacting the city's budget.
Possible solutions include finding new sources of funding, such as increased fees, or making cuts to staffing and services. One potential area for growth is the cannabis industry, where the city could potentially gain a 20% tax increase.
No specific quotes available.
Author's summary: Santa Barbara City Council explores solutions to financial concerns.