The Arcadia Unified School District Board of Education has adopted a tentative $28 million budget for 1989-90. The year-end balance of $191,326, combined with the 1988-89 balance, will total 4381,714 as a reserve fund. The final budget will not be adopted until September.
Arcadia's proposed city budget will be about $24.4 million, up 8.9% from the $22.4 million 1985-86 budget, according to a report from City Manager George Watts.
Pete Kinnahan, assistant city manager in Arcadia, told City Council that Target Department Stores were interested in the Arcadia Datsun property and the adjacent city-owned property on Third Avenue.
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.
A financial forecast for fiscal year 1982-83 predicts a negative balance of $1.9 million for the city of Arcadia. This projection assumes no change in the level of services or programs.
City of Arcadia has budgeted $55,000 for a downtown revitalization study, City Manager George Watts told members of the Arcadia Business Association at their monthly dinner meeting. See hard copy in Box 51.
A series of spending cuts totaling nearly $190,000 have been approved by the Board of Education in an effort to balance the School district's $28 million 1988-89 budget.
Preservation of existing businesses and drawing new business to Arcadia were goals stated by each of the Arcadia City Council candidates speaking at the Arcadia Business Association dinner meeting at the Moon Palace Wednesday evening.
Arcadia City Council votes to pass $22.6 million budget, largest in the city's history and approved the expenditure of $578,707 in revenue-sharing funds.
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.
Eight of Arcadia's 10 City Council candidates told Highland Oaks homeowners Monday night that they were opposed to the construction of a private tennis club in their neighborhood.
City Manager Lyman Cozad is assuming that there will be a 25% increase in assessed valuation which should make budgeting easier for 1976-77, but will not result in a lower tax rate.
Denis Weber, resident of Arcadia for twenty years, is running for City Council. Weber is manager of the Westwood Village branch of Security Pacific Branch. Biographical notes included.
Arcadia City Council candidate Roger Chandler charged that important election material that should have been available to him was wrongly withheld by the Arcadia City Clerk's office.