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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 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