Wednesday Jul 08 2009
State cuts Loomis a big check
By: Joyia Emard, Loomis News Staff Writer
Loomis doesn’t have to wonder anymore if the check is in the mail. The town finally got it and it’s a big one. Town staffers recently received a $500,000 payment from the state of California to cover two thirds of the cost of the depot renovation project. The Town of Loomis had to provide matching funds of 30 percent. “I was worried that there might be a cash flow issue with the state budget crisis. We were very happy to get the check in the mail. The town manager directed it be cashed immediately,” said Gary Liss, town councilmember. The total cost of the depot renovation was approximately $731,000 and after the grant payment, the town was responsible for approximately $231,000. Steve Stahlberg, of Loomis, is the managing director/regional director of the Robert W. Baird & Co. investment firm in Roseville and expressed surprise over the check’s arrival. “I’m surprised since the state is giving IOU’s. Any money a municipality can get right now is a good thing. They should put it away for current services or for a rainy day,” Stahlberg said. According to Perry Beck, Loomis town manager, the funds were provided through Proposition 12, Roberti-Z’berg-Harris grants, which can be used for the acquisition of park and recreation lands and facilities.