This week Council President Gonzalez is introducing a bill that would move the city’s economic and revenue forecasting office out from under the control of the city Finance Director and into a new, independent Office of Economic and Revenue Forecasts.
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City budget office updates its economic and revenue forecast, and City Hall misses the message
The City Budget Office delivers an economic and revenue forecast to the Mayor and City Council three times a year: in August, at the beginning of the annual budget process; in November, for a last-minute budget update before it’s passed; and in April as a check-in to see how things are going. Today City Budget Director Ben Noble delivered the April update, which he will present in person to the City Council’s Finance and Housing Committee tomorrow. The Mayor and two Councilmembers immediately issued press releases remarking positively on the economic recovery, highlighting $40 million in additional revenues, and salivating …
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