First published in the Dec. 11 print issue of the Burbank Leader.
Burbank’s municipal revenues, though still reduced by the effects of the coronavirus pandemic, is bouncing back faster than expected, officials said this week.
In a report to the City Council on Tuesday, financial services director Jennifer Becker said that Burbank’s tax revenues were generally higher last fiscal year, which ended in June, than staff members had hoped. The city’s recurring General Fund revenues — the receipts it anticipates with high certainty — for fiscal year 2020-21 came in at nearly $181 million, about 4.8% higher than the roughly $173 million forecasted, though they were still 2.4% lower than they were in fiscal year 2019-20.
Continue reading “Burbank Budget Recovering from Pandemic Fallout”