By Robert Haugh
Last night, the City Council met as the Stadium Authority Board and reviewed the FY 2022/23 Levi’s stadium budget.
The budget shows total expected revenues to be over $68 million. The total expenses offset the revenues and are also over $68 million.
But there will be zero dollars coming back to the general fund. Wow.
Here’s the list of major expense categories that City staff prepared, highlighting the zero.
Alex Acton, Manager of Finance for the 49ers, called in and gave a presentation on the stadium budget as well.
Acton’s report confirmed the City’s staff report that zero dollars will be coming back to the City’s general fund. Here’s Acton’s “operating expenses” slide:
Maybe the campaign that’s recalling three Councilmembers can recall the 49ers as stadium operators, too.