The finance and budget subcommittee of the West Hollywood City Council holds a special teleconferencing meeting on Zoom on Wednesday (Jan. 27) at 4 p.m. to discuss the impact of the coronavirus pandemic on the city’s fiscal year 2020-21 budget. The public is welcome to attend and make comments.
City staff will recap the fiscal year 2020-21 budget and offer an overview of how the City’s revenues have been affected by COVID-19 and the related shutdowns.
Projected revenue for the City is down $10.37 million thanks to shortfalls in anticipated parking meter revenue and transit occupancy tax (TOT) from hotels. According to a staff report, TOT is down almost $9 million from what was originally budgeted while parking meter revenue is down $1.38 million from what was expected.
Meanwhile, actual expenditures are exceeding projected expenditures by almost $2.2 million, primarily due to COVID-related expenses. Ultimately the city is projected to end the fiscal year with a deficit of approximately $12.6 million less than what was budgeted.
The council subcommittee, made up of Mayor Lindsey Horvath and Councilmember Lauren Meister, is expected to provide guidance about the budget and the city’s priorities. Related issues like public safety, homelessness and capital expenditures will likely also be discussed.
The full agenda and accompanying staff report for this subcommittee meeting can be viewed by CLICKING HERE.
The city also offers an Open Data portal page dedicated to the full city budget at http://budget.weho.org. The portal provides easily accessible information about budgeted city revenues and expenditures in a user-friendly format.
To make a public comment on the budget, dial in five minutes prior to the start of the meeting. The dial-in number is (669) 900-6833. You will be placed in a virtual waiting room until it is time for your comment.
The finance and budget subcommittee meeting will be livestreamed starting at 4 p.m. on the city’s YouTube WeHo TV channel at www.youtube.com/wehotv.
