City budget under watch as numbers slip

By Nao Braverman
Ojai seems to be staying financially afloat, at least for now, despite harsh economic times nationwide.
City Council members approved $167,000 in net surplus from the 2007-2008 fiscal year to go toward maintenance projects that have been waiting on the back burner, at Tuesday night’s council meeting.
Revenue budgeted for this year is $8.84 million in revenues with $8.3 million in expected expenses, for a net surplus of $540,000.

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