The frequent updates to Yorba Linda’s government revenues and expenditures presented to City Council members provide a real-time look at the state of the city’s overall economy. For example, the most recent update to the council came earlier this month from the city’s finance director and treasurer, Dianna Honeywell, just before a new fiscal year starts July 1. Most notable in Honeywell’s June 4 report was a sizable dip in the city’s sales tax income to $8.6 million, some $640,000 less than expected when council adopted the budget last year. Sales tax is the city’s second-largest source of revenue behind property taxes. Honeywell said in her report that “consumer spending is down across most
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