"Town manager Chris Constantin informed the council a projected deficit of $3.1 million is now looking like a surplus of $4.3 million, potentially eliminating the town's plan to use reserve funds to cover any budget gaps. Staff factored in savings from staffing vacancies, high interest earnings and deferred maintenance. Constantin noted that these savings may be impacted if the vacancies are filled or the town needs to pay off more overtime than expected."
"After some discussion, the council amended its strategic priorities around homelessness and transportation, saying the town would continue to engage community service providers to meet the individualized and complex needs of unhoused residents, while pursuing a more coordinated regional approach. Regarding transportation, the council agreed to pursue tangible bicycle and pedestrian improvements and explore innovative pilot solutions to mitigate traffic congestion."
Los Gatos now projects a $4.3 million surplus instead of a $3.1 million deficit this fiscal year, potentially eliminating plans to use reserve funds. Staff identified savings from staffing vacancies, high interest earnings and deferred maintenance, while warning that filling vacancies or higher overtime could reduce those savings. The council amended priorities to engage community service providers for individualized needs of unhoused residents and pursue a coordinated regional approach. The council also agreed to pursue bicycle and pedestrian improvements, explore pilot traffic-mitigation solutions, and prioritized a downtown public bathroom. Mayor Rob Moore proposed up to $150,000 for substance use disorder support. The Poulenc Trio will perform Feb. 22 at Los Gatos High School.
Read at www.mercurynews.com
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