City Manager Bill Kelly presented a "flat line budget" to the city council. Kelly said current uncertainties in state funding will not be resolved until after the election. The city will revisit the budget at midyear.
City Manager Bill Kelly outlined his proposed budget for the 2003-2004 fiscal year which begins July 1. The Arcadia City Council will hold a public hearing and is scheduled to adopt it at its June 17 meeting.
Reserve funds that were set aside for city infrastructure improvements may have to be used to deal with state budget cuts, as proposed by city manager Bill Kelly.
The Arcadia city budget of $35.8 million for the 2003-2004 fiscal year was unveiled and will be the subject of a public hearing June 14. City Manager Bill Kelly called the spending program "flat line," with only 1.5 new city jobs in the coming year. Kelly said Arcadia is protected from possible cuts to meet state budget uncertainties because of $6 million in reserves, which were earmarked but never spent in a previous budget. The city is safe for at least the next two budget years.
City staff projects a $3.5 million deficit in the 2010-2011 fiscal year, due in large part to rising retirement costs. City Manager Bill Kelly told City Council that even with the Caruso mall, expansion at Westfield Shoppingtown and at Rusnak auto dealership, the city still faces a budget shortfall in about 5 years. He suggested a library assessment district as a potential revenue source.
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.
The City of Arcadia budget for the 2008-2009 fiscal year projects a positive balance of $236,892 but includes several spending cuts and revenue enhancements. The list of spending cuts includes freezing 6 police officer positions, shifting some signal maintenance, delaying city communications upgrades and eliminating a coyote management program. The list of revenue enhancements includes a $2 Internet use fee for library guests, among other things.
Arcadia officials project a $1.2 million budget deficit and have approved a combination of using reserve funds, hiring freezes, and other budget mechanisms to offset it. In order to avoid deep cuts in city services, the City Council has approved a plan to defer the city's slurry sealing program (street surface maintenance) for one year.
The City Council approved a $57 million budget for 1993-1994 which closes a $2.1 million deficit with $266,000 in increased revenues, $880,000 in cuts and $1 million of the City's $5.6 million in reserves.
The City Council approved a $57 million budget for 1993-1994 which closes a $2.1 million deficit with $266,000 in increased revenues, $880,000 in cuts and $1 million of the city's $5.6 million in reserves.
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.