Cities Faced With Less Revenue Now, In The Future


In September 2012, the Thousand Oaks Acorn reported on Thousand Oaks City Manager Scott Mitnick’s contributions to the California Lutheran University Corporate Leaders Breakfast. Scott was frank in addressing the imminent challenges posed by lessening revenues and economic obstacles.

The dissolution of redevelopment agencies is just the latest financial obstacle facing California municipalities, Thousand Oaks City Manager Scott Mitnick told a panel of public finance experts last week at California Lutheran University.

“We’re getting hit from all angles in local government,” he said. “It’s not just the loss of redevelopment agencies. It’s the loss of transit funding . . . and other cuts. Our funding sources for traditional services are becoming less and less.”

Mitnick was one of three panelists at CLU’s Sept. 14 Corporate Leaders Breakfast at the Reagan Library in Simi Valley.

Click here to read the full article.