Whittier’s town budget rolling in the dough It could be even better thanks to the $ 17 million the city is receiving from the federal government, city officials told the city council on Tuesday, June 22, when the nearly $ 83 million budget was approved.
A projected surplus of nearly $ 3 million could rise on the back of $ 17 million in federal stimulus money. It could be used to reimburse Whittier for the $ 1.6 million it spent from its general fund help pay for the construction of a new homeless shelter, City Manager Brian Saeki said before the city council voted unanimously to approve the budget.
“We could take money from another source so we could redistribute it and use it for something else,” Saeki said.
A year ago, city officials forecast an annual deficit of more than $ 2 million for the next four years.
But that has changed this year, said Mayor Joe Vinatieri.
“We had a very large company that moved in and that was very helpful with sales tax,” said Vinatieri. The city cannot identify the company because government regulations require the flow of sales tax from each individual source to be confidential. “It’s a national company.”
In addition, the city is now receiving $ 9.4 million – originally only $ 6.3 million was expected – by Measure W, the 0.75% VAT increase Voters voted in March 2020.