Arcadia Finance Director, Charles Reiman, announced a 10.2% increase in the operating budget of the city of Arcadia for 1979-80. This was the first of 2 public hearings on the budget.
A $9 million budget has been proposed for 1975-76. City manager Lyman Cozad feels that no tax increase will be necessary due to the higher valuation of city property.
Inflation and the energy shortage are causing the city management grave concern about meeting the budget. City Manager Lyman Cozad expects a $120,500 increase in sales tax from Fashion Park for the 1974-75 fiscal year. He also expects an $84,000 rise in property taxes.
A final tentative budget for the 1978-79 school year has been adopted by the Arcadia Board of Education. The final figure was set at $15.4 million, but will probably be revised as state formulas affect the budget during the year.