Ojai City Budget Looking Brighter

By Nao Braverman
As the city approaches the end of its fiscal year, the revised budget for 2006-2007 is looking significantly better than expected. By the end of 2008, city staff expects to have a reserve balance of $2.3 million, almost two-thirds of the way to its emergency fund target of $3.55 million.
The past two years of careful budgeting and frugality — not to mention the dramatic increase in transient occupancy tax since the Ojai Valley Inn & Spa expansion was completed — have proved fruitful, steadily replenishing the surplus which fell from $4 million to a low of $9,000 several years ago, said city manager Jere Kersnar.

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