Hesperia’s building boom and population explosion is improving the city’s bottom line in ways beyond one-time payments, according to a city official.
“What we’re seeing is growth in the general fund in what I would call, for lack of a better term, in core tax revenue,” Brian Johnson, Hesperia’s Director of Management Services, said Thursday. “And what it means to me is that’s the kind of money that should be ongoing. Basically, we’re seeing a clear level of growth of $2.6 million in sales tax, vehicle license fees, property transfer tax. What’s important about that is that we should have a realistic expectation of this being ongoing.”
In the mid-year budget review held at Hesperia City Hall last Wednesday, Johnson revealed the city was bringing in revenue faster than expected, with a mid-year surplus of nearly $5 million. (Hesperia’s fiscal year runs from July 1 to June 30.)
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