Editor’s note: We’re glad to hear this being reported from Auburn, where we publish the official Placer County Welcome Guide:
“The City of Auburn’s surplus for the current fiscal year is expected to be more than double what was originally forecasted.
“With a surplus of $315,650 for 2012-13, the city’s general fund balance is on its way to breaking the $3 million mark for the first time since 2008-09. That’s nearly 5 1/2 times the surplus experienced the past fiscal year, which was the city’s first since before the recession.
“This year’s surplus had originally been forecast to be $123,000.
“The financial status report given by Auburn Administrative Services Director Andy Heath showed the year’s revenues to be $963,629 more than originally forecasted along with $771,534 more in expenditures.
“Some of the surplus can be attributed to property tax and sales tax revenues coming in higher than expected with respective increases of $182,324 and $175,000.”
The rest of the article is here.