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Updates on 2014 revenue forecast, Viaduct replacement

tunnel spoilsRevenue Forecast:

The Council recently received the final revenue forecast before the 2014 budget process begins.

According to the City Budget Office update, an estimated $10.3 million in new General Fund revenues are forecast, an increase of roughly 1% over previous forecasts.

The Mayor will announce the proposed 2014 budget on Monday, September 23.

Viaduct replacement:

On Monday September 16, the Council will receive an update on construction, and the latest analysis for tolling on the tunnel replacement for SR 99 on the waterfront.

The analysis covers revised estimates for tolling revenue, potential diversion of traffic onto city streets, and an estimate of the potential economic impact of traffic diversion.


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