Summary
LA VERNE -- A utility tax hike that voters approved in March staved off any significant budget cuts in the upcoming year, but didn't get La Verne completely out of the red.
City officials dipped into their "rainy day' reserves to the tune of about $115,000 in order to balance their budget this week, but said the damage was small in comparison to what they would have faced without the $900,000 brought in by the higher tax.See the full content of this document
Extract
Tax Hike Saves La Verne From Budget Cuts
"Without the (utility tax) increase, I'd be in a position to lay off employees either this year or next,' City Manager Mart...
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