The City of Sacramento says the 2014-15 fiscal year ended with $21.87 million dollars more than expected.
Leyne Millstein is the City Finance Director.
"Most are the result of taxes higher than anticipated in the budget as well as one-time revenues that we don't expect to receive again."
The city council will likely set aside nearly $4.853 million for the city's Economic Uncertainty Reserve, $5.05 million to cover future fire department costs, and $6.716 million for retirement benefits.
That will leave about $4.796 million for the council to spend.
The council has already identified lawsuit settlements, toxic land remediation, the B Street Theater, and the St John's Shelter program as likely recipients of some of those funds.
Follow us for more stories like this
CapRadio provides a trusted source of news because of you. As a nonprofit organization, donations from people like you sustain the journalism that allows us to discover stories that are important to our audience. If you believe in what we do and support our mission, please donate today.
Donate Today