July 8, 2008

Campbell faces fiscal challenges – Public Forum added

Did you know?

- The city is facing an ongoing $2 million budget shortfall.

- Approximately $4 million in cuts/adjustments have already been made over the past five years.

- City staffing has been reduced by 10 percent.

- Maintenance and infrastructure needs have been deferred.

- Sales tax revenues, the primary source of general funds, are not keeping up with inflation.

- The state has taken away [re-directed] $13 million of our money over the past 15 years; annually, we are current losing $1.3 million to the state-and they may take more to solve their $17 billion deficit.

- We cannot continue to provide the same level of services.

The City Council will be making important decisions next month on how the city will address this problem. For more information, a fourth Public Forum on this topic will be held on Wednesday, July 9, at 7 p.m. in the City Council Chambers at City Hall.

For additional information, visit the city's website at www.cityofcampbell.com or call (408) 866-2125.