Sierra Madre : Council to Discuss New Tax
The City Council will consider imposing a utility tax on gas, electric and cable services to recover money lost as a result of the state budget crisis.
A 5% tax would generate about $175,000 for the city’s general fund, which is expected to lose about $220,141 in property tax revenues to the state in fiscal 1992-93, according to a city report.
In addition, the council discussed the elimination of four staff positions, a freeze on some merit increases and deferral of capital projects to cope with the shortfall.
City Treasurer Douglas Berkshire will present the council with a list of other sources for revenue at upcoming meetings, and they will be considered before final cuts are made.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
