‘Paso Talks’ addresses finance, taxation
–”Paso Talks” addressed finance and taxation at a forum last night at the Paso Robles Library Conference. About 50 people turned out to hear Finance Director Ryan Cornell and the City Administrative Director Marlaine Sanders discussed the city’s financial health.
Cornell said the city has an operating budget around $100 million dollars. It has a reserve fund of $30 million dollars, which is far better than most California cities.
He said the city relies on sales tax, transit occupancy tax (TOT) and property taxes. He said that a home with the median home value of $452,700 pays $377 in property taxes.
Of that $377, $146 goes to the Paso Robles School District, $100 to the county, and $70 to the City of Paso Robles. $61 goes to other entities.
City Treasure Mike Compton has been with the city for 20 years. He has 40 years experience as an elected city treasurer.
Mayor Steve Martin says the city’s financial health is good.
Tonight, “Paso Talks” will address the Library, Parks and Recreation. That discussion to be held at the Public Safety Center from 6:30 – 8:30.
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