While Avalon is facing a massive deficit, there is some good news that’s worth pointing out. I’ll keep it simple and brief.
• Catalina has no outstanding municipal bonds, so that’s one debt that simply doesn’t exist.
• Staff expects improved bed tax revenues this fiscal year.
Now if we could just attract more tourists.
Still, there is something to be thankful for in the face of a challenging local economy and insufficient rain to bring Avalon out of Phase One water restrictions. Have a good weekend, everyone