With fires and $5/g gas, it’s not shaping up to be a big tourist year. It’s smart to not be all Sandy-ish and start spending like a gold digger.
Pacific Grove’s $29 million fiscal 2008-09 budget got final approval late Wednesday by unanimous vote of the City Council.
The council has set the city machine’s financial carburetor on lean. Pacific Grove anticipates general fund revenues of $15.7 million, including new revenues of $630,000 and general fund expenditures of $15.2 million, with the balance going to build up city reserves.
Total expenditures for the coming year are expected to reach $24.8 million, including general fund spending and expenditures of money earmarked for special purposes.