Tag Archives | Reserve for Economic Uncertainty

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Lack of snow takes bite out of budget

Because of low snow, community indicators show a 30% reduction in visitor activity in Mammoth Lakes in January, according to Interim Town Manager Dan Holler. He says in his report to the Town Council that “If the conditions do not improve, this is expected to continue for the rest of the winter season.” Holler and […]

 
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Mammoth Town Council: Money to spare, on-line tax payment, and tourism agreement

According to the Town Council agenda packet, the pre-audit actual financial results for last fiscal year for Town government show a fund balance left over of more than $1.9 million. Surprising news after years of budget hand-wringing. Some of the savings came from not spending money on lawyers, not spending money on Town administration and […]

 
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Mammoth’s financial crunch goes public

The Mammoth Lakes community learned very little new information on the grave state of the Town’s finances and dealings with the $42 million debt owed to MLLA when the Town Council met Wednesday night. Assistant Town Manager Marianna Marysheva-Martinez had told Sierra Wave Media that the Town suffers from chronic lack of revenue to meet […]

 
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