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Arcadia City Manager Bill Kelly is skeptical about the way the State of California balanced this year's budget. The State promises to pay cities back for sales tax to be used to pay off $10.7 billion in loans. The maneuver, known as the "triple flip" will take half of the cities' sales tax revenue for the next five years, and pay it back out of property taxes now earmarked for schools. Arcadia will lose 25% of its vehicle license fee reimbursement, around $750,000. Arcadia is in good shape this year and next, primarily because of a healthy reserve fund. After 2004-2005, unless some solutions are in place, the city could face some hard times.

https://arcadiahistory.andornot.com/en/permalink/newspaper31791
Newspaper
Arcadia Weekly
Date
August 7, 2003
Pages
p. 1, 11
More detail
Newspaper
Arcadia Weekly
Date
August 7, 2003
Pages
p. 1, 11
Subjects
Arcadia City budget - 2003-2004
California state budget - 2003-2004
Item ID
31988AN
Collection
Newspaper Index
Less detail

The Arcadia City Council approved a $32.5 million general fund budget for 2003-2004. The total budget is about $142 million.

https://arcadiahistory.andornot.com/en/permalink/newspaper31531
Newspaper
Arcadia Weekly
Date
June 19, 2003
Pages
p. 1, 21
More detail
Newspaper
Arcadia Weekly
Date
June 19, 2003
Pages
p. 1, 21
Subjects
Arcadia City budget - 2003-2004
Item ID
31727AN
Collection
Newspaper Index
Less detail

Arcadia Unified School District has faced the reality of mid-year school budget cuts for the past 3 years. To prepare for a possible fourth year of mid-year cuts, the AUSD school board is exploring the option of a parcel tax, an amount to raise hopefully a few million dollars that would help offset what the State is expected to take away. Arcadia School Board Vice President Joann Steinmeier and colleagues are investigating the need for a parcel tax and what form it might take to get passed at the March election.

https://arcadiahistory.andornot.com/en/permalink/newspaper32541
Newspaper
San Gabriel Valley Edition of the San Marino Tribune
Date
September 15, 2011
Pages
p. S1, S7
More detail
Newspaper
San Gabriel Valley Edition of the San Marino Tribune
Date
September 15, 2011
Pages
p. S1, S7
Subjects
Arcadia Unified School District--School Board
Budget
Parcel taxes
Steinmeier, Joann
Item ID
32739AN
Collection
Newspaper Index
Less detail

Arcadia Citizen’s Financial Advisory Committee releases last report. The committee, an independent, ad-hoc advisory body of civic volunteers empaneled by the City Council to review the City’s General Fund long-range financial forecast and provide recommendations to the City Council for cost containment and/or revenue enhancements, recently released its final report. The 40-page report includes 15 recommendations to Arcadia City Council to address the $8,000,000 structural budget deficit. A key recommendation is for the city to consider increasing the city’s local sales tax rate by ¾ of one cent in order to maintain current levels of services.

https://arcadiahistory.andornot.com/en/permalink/newspaper35358
Newspaper
Arcadia Weekly
Date
December 20, 2018
Pages
p. 12
More detail
Newspaper
Arcadia Weekly
Date
December 20, 2018
Pages
p. 12
Subjects
Arcadia Citizen’s Financial Advisory Committee
Arcadia city budget
Arcadia City General Fund
Sales tax
Item ID
35548AN
Collection
Newspaper Index
Less detail