Arcata mid-year budget review and plans to raise reserve
ARCATA - The Arcata City Council will meet Wednesday night to begin it's Mid-Year Budget Review
"We're going to be able to add a small amount of money to our reserves, to help us feel secure as a city and as a community. That we're not going to go bankrupt. That reserve, traditionally a safe number is 20% and we're in the early teens. So we have a lot of work to do still, in the reserve department, but generally we're in good shape," said Arcata Vice Mayor, Paul Pitino
The city says it’s in a good financial position due to Measure G, an increase in sales tax, along with the transit occupancy tax. They say, there has been a rise in visitors that come to the city and that has help boost city-wide revenue.
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