The City of Vernon is changing the funding formula for O'Keefe Ranch.

The City of Vernon is changing the funding formula for O'Keefe Ranch.

Vernon looks to reduce financial commitment for O’Keefe Ranch

The annual grant of $150,000 will continue until 2016 for the historic site

There will ultimately be fewer tax dollars going to O’Keefe Ranch.

A majority of Vernon council voted Thursday to continue with a $150,000 annual grant for the  city-owned historic site. But in 2016, that will drop to $100,000, followed by $50,000 in 2015 and $10,000 in 2016.

“This thing needs a critical path,” said Coun. Brian Quiring of trying to deal with the ongoing public subsidy for operations.

There is a hope that by establishing a timeline, other options for revenue generation will materialize.

The decision was based on the city’s core services review, which is looking for efficiencies and cost reductions.

Look for more details in Friday’s Morning Star.