The City Council will consider adopting a $285 million two-year budget for 2025–27 at its next meeting (agenda here), emphasizing infrastructure funding, pension obligations, and building a reserve. The staff report says city finances are "strong and stable" and expects a surplus of $2.34 for the first year but a $2.65 million deficit in the second year, largely due to rising pension liabilities. Residents may see fee increases for city services.
Major costs are: Employees, pensions, and maintenance. Lower sales tax receipts caused by a slowdown in consumer spending aren't helping.
Major infrastructure improvement plans are: upgrading Old Town, citywide tree replacement, parks, water projects, slope stabilization on Cloverleaf (the hillside is slip-sliding away), computer systems, vehicle replacements, City Hall renovation, Community Center work, preservation of city documents, police and fire facility improvements, streets, parking lots. Details here. Scroll down to Attachment D for list of projects.
- Brad Haugaard
That hillside on cloverleaf is not getting fixed by the city, they’re waiting for FEMA money which will never happen…
ReplyDeleteThey should be spending money to fix the pool at Monrovia high since it can’t even used. The distribution of money is a joke.
That's the School Districts issue and they're working on getting it fixed.
DeleteWhere do you think the money comes from…
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