City Manager Jim Bowersox also will ask the council to consider earmarking some of the extra money for one-time capital improvement projects. The summary shows Poway's income from several sources has been higher than expected so far this year. The amount is about 12.6 percent more than officials expected. Much of the extra money is coming from development fees revenues, which are 24 percent higher than predicted. Property tax revenues are up about 9.5 percent, and sales tax revenues are about 6 percent higher than the original projections.
Expenses also are up.
But the increase in that category is minimal compared to the income side of the ledger, city officials said. Bowersox seemed pleased Friday with the figures. He will seek council permission to use some of the extra money to purchase more sewer capacity for the city, something the report says is necessary because of development in the South Poway Business Park. More money for a Community Road improvement project and the creation of a new fund to be used to cover maintenance at city facilities are also on his list of things. Mayor Mickey Cafagna said the figures confirmed ones he cited earlier this month, when he gave his annual State of the City address.