$45M town budget helped by tax revenue | SierraSun.com

$45M town budget helped by tax revenue

Buoyed by strong influxes of property and sales taxes, the Town of Truckee is planning a $44.9 million budget for 2006-07.Property tax revenues jumped 19 percent over last year, said Truckee Town Manager Tony Lashbrook, and the new budget projects another increase of 10 percent. Its a combination of ever-increasing real estate value and the fact that 10 percent of properties in town turn over each year, plus new construction, Lashbrook said.Sales tax revenue was also up by 4 percent.The big-ticket spending items this year are the financing of the police force, the relocation of the towns corporation yard, snow removal and road maintenance.Last year the town had approximately $300,000 taken away from its coffers by the State of California. Lashbrook said he saw no signs the state was trying to take money from the Town of Truckee again this year.I see no imminent takeaway on the horizon, he said.The towns budget will be approved at a future town council meeting.

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