In this ailing economy, San Gabriel Valley property values have dropped significantly, as reflected in the county's home assessments. The county property roll is at $1.1 trillion, a nearly 1% decrease compared to 2008. Homeowners will have smaller tax bills but cities are having to reduce services and employees as they lose businesses, sales tax revenue, and property tax revenue. See a chart of Los Angeles County Assessor's Office property values report showing Arcadia and neighboring cities. Arcadia is a city whose 2009 value increased 2.2% compared to last year.
The state's budget crisis could mean that Arcadia Unified School District will suffer a shortfall of an estimated $2.3 million in the 2008-2009 fiscal year. Figures for other local school districts are included.
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.
Dropout rates for eight of nine school districts across the western end of the San Gabriel Valley decreased, according to state numbers released yesterday. Monrovia, Arcadia, San Gabriel, San Marino, Temple City, Alhambra, and Duarte school districts all measured decreases in their dropout rates for the 2009-2010 academic year, when compared to the previous year.
Assemblymember Mike Fong, D-Alhambra, secures $4.5M for San Gabriel Valley cities. The cities Fong represents include Alhambra, Arcadia, El Monte, Montebello, Monterey Park, Rosemead, San Gabriel, San Marino, South El Monte, South Pasadena and Temple City. The money is for investing in infrastructure that will increase access to park space, library services, and athletic facilities and enhance public safety for the 49th District.
Jim Helms chosen President of the Association of San Gabriel Valley Cities. Cities which have confirmed membership are: Alhambra, Arcadia, Covina, El Monte, Irwindale, La Puente, Monrovia, Monterey Park, Pasadena, San Marino, South Pasadena, Temple City, and Walnut.
The Arcadia City Council has approved a $46 million budget for fiscal year 2009-2010. The city made deep budget cuts across the board, including freezing positions and cutting employee travel. The budget includes roughly $2 million in cuts and concessions from all four city employees' unions, and projects about $45.1 million in estimated total revenues, $45.7 million in proposed expenditures, and $270,000 in employee compensation and benefit deferrals.
"State of the City" address was given by City Manager Dominic Lazzaretto at an event hosted by Arcadia Chamber of Commerce. Due mainly to solid property, utility and sales tax revenue, Arcadia has remained fiscally sound despite a sluggish state and national economy. Overall in 2014, the city received $56.9 million in revenue and spent $54.7 million.
Los Angeles County total property values are on the rise again. The county as a whole saw its first increase in two years, at 1.49%, according to the 2010-201the Los Angeles County Assessor's Office annual property roll report. Walnut, Temple City and San Marino saw some of the San Gabriel Valley's greatest growth in property values last year. Arcadia's property values went up 2.8%.
Cities throughut the West San Gabriel Valley will be making cuts in response to the state budget that has been approved. Arcadia is delaying sewer projects and street work.
By the 2010 census, Asians and Pacific Islanders will make up more than half of the population in Arcadia and 10 other communities in the San Gabriel Valley.
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.
Governor Arnold Schwarzenegger has proposed taking 8% of the property tax that cities receive. That would mean a loss of $1,202,358 for Arcadia. A chart shows how much other local cities may lose.
In an attempt to produce permanent revenue enhancement, the City Council has agreed to go to ballot with a Fire Suppression District assessment which would ask property owners to tax themselves to achieve a balanced budget.
Mayors of seven San Gabriel Valley cities that were hard hit by last year's ferocious windstorm are making a plea to Governor Jerry Brown for state disaster relief. The seven cities include Pasadena, Sierra Madre, Arcadia, Temple City, San Marino, South Pasadena and La Canada Flintridge.
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.
Arcadia plans for the future. Arcadia City Manager Dominic Lazzaretto presented the City's Fiscal Year 2018-2019 budget. Fiscal year 2018-2019 budget maintains existing levels of public services, but the City can no longer guarantee that services will remain at current levels over the long term. Due to recent changes in state law and other fiscal constraints, the City's proposed budget has a structural deficit of nearly $13.1 million in expenditures in excess of revenues.
Elected officials from San Gabriel Valley foothill cities are angry after being told the second phase of the Gold Line Extension project (from Azusa to Claremont) will be given zero dollars from Measure R, despite an aggressive funding plan for other projects in Los Angeles, as proposed by the Metropolitan Transportation Authority (MTA). MTA staff wants to make permanent Measure R--the half cent sales tax passed by voters in 2008 that expires in 2039--to fund a list of transportation projects across the southland.
Arcadia declares fiscal emergency. Budget cuts may hurt city services. After an analysis of expenditures and revenues, Arcadia City Council adopted Resolution 7242 and declared a fiscal emergency.