Lakeport Approves Budget

The Lake­port City Coun­cil unan­i­mously approved the rec­om­mended bud­get for 2014/15 this week. The Finance Direc­tor says rev­enue for the city is expected to total approx­i­mately $15.7 mil­lion. Expen­di­tures are expected to total approx­i­mately $18.8 mil­lion. The bud­get focuses on eco­nomic devel­op­ment, infra­struc­ture and cap­i­tal. Mean­while, the Lake County Super­vi­sors are antic­i­pat­ing a poten­tial $1.8 mil­lion short­fall in the county gen­eral fund. A pub­lic hear­ing regard­ing the bud­get is sched­uled for Sept. 3. A work­shop will be held in late July or early August.