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Article: San Ramon's coffers full
- Article from:
- Oakland Tribune
- Article date:
- January 9, 2008
- Author:
CopyrightCopyright 2008 Oakland Tribune. Provided by ProQuest LLC. (Hide copyright information)
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SAN RAMON -- Though the new year could prove financially rocky
for many California cities, San Ramon will weather the storm with a
hefty savings account, Mayor H. Abram Wilson said Tuesday.
The city has a $36 million reserve fund set aside for a rainy
day, Wilson told the San Ramon Chamber of Commerce on Tuesday during
his annual State of the City address. Downpours could come in the
form of rising costs, including gas prices, and major funding
cutbacks from the state, which is facing a $14 billion deficit, he
said.
A reserve fund also would be needed if some unforeseen regional
disaster, such as a fire or earthquake, was to befall the city,
Wilson said.
"(The) staff's responsibility is ...