City of Homer revenue projections brought a glimmer of good news to the city council Monday night, since tax revenue is up slightly over last year.
The 2012 budget is $10,782,862, climbing slightly from a leaner 2010. That year&rsquo;s budget was $10,160,106. Projected revenues were exceeded by $443,246. 
&ldquo;Virtually all of those excess funds were transferred into reserve accounts,&rdquo; City Manager Walt Wrede told the Homer City Council Monday night. &ldquo;Overall, the general fund is in much better shape than it has been the previous couple of years. We can be thankful that at least this year, we are not talking about layoffs, eliminating entire programs, reducing the level of services.&rdquo;