Arcadia Citizen’s Financial Advisory Committee releases last report. The committee, an independent, ad-hoc advisory body of civic volunteers empaneled by the City Council to review the City’s General Fund long-range financial forecast and provide recommendations to the City Council for cost containment and/or revenue enhancements, recently released its final report. The 40-page report includes 15 recommendations to Arcadia City Council to address the $8,000,000 structural budget deficit. A key recommendation is for the city to consider increasing the city’s local sales tax rate by ¾ of one cent in order to maintain current levels of services.
Arcadia City Council takes steps to increase public safety. On October 16, City Council discussed a recommendation to add a measure to the ballot containing a ¾-cent sales tax, which is needed to help Arcadia with its current financial woes. The Citizens Financial Advisory Committee reviewed the city’s expenditures and asked the council to declare a state of fiscal emergency as soon as possible and no later than June 2019. The vote to add the measure passed almost unanimously, with one council member recusing themself from the vote.
What does Measure A mean for Arcadia? According to Arcadia Citizen's Fiscal Advisory Committee Final Report, additional revenue is required to maintain city services at current levels. If the 3/4 cent sales tax Measure A fails to pass, it could mean eliminating up to 13 police and 10 firefighter and/or paramedic positions, and other cuts to other service areas, like Public Works, Recreation, and the Library.
Arcadia City Clerk is accepting applications from people under age 18 to serve on the Youth Advisory Council. It is a 7 member group appointed by City Council. Four must be current high school students and three must be middle school students. See also Arcadia Weekly, p. 3, March 31, 2016.
City Council voted to appoint a financial advisory committee to examine the city's financial policies and the size of its reserve fund, then report back to the Council by December.
The City Council met in special session to hear a presentation by Thomas Safran, a specialist in senior citizen housing. The Arcadia Senior Citizen Commission contends the council isn't moving fast enough on the issue. An advisory vote by the people on senior citizen housing will probably appear on the June primary ballot.
The restaurant Dave & Buster's at Westfield Santa Anita mall hosted a financial literacy seminar for 350 high school and college students. The seminars were organized by the nonprofit Operation HOPE and the Housing Authority of Los Angeles.
After hearing of local girl Melissa Huff's loss of a prosthetic leg during a burglary, Rescomm Financial of Arcadia, decided to buy a replacement leg for her.
Rescomm Financial and Realty Executives of Arcadia donated $10,600 and prosthetist and orthotist Alejandro Freire donated about $6,000 to replace Melissa Huff's prosthetic leg that had been stolen.
Unanimous Arcadia City Council acts to place local funding measure, known as the “Arcadia Public Safety, City Services and Accountability Measure” on the June 2019 ballot to maintain public safety and other city services. City staff and the Citizen’s Financial Advisory Committee have indicated Arcadia has a multi-million dollar structural deficit.
Arcadia will benefit from the State Municipal Advisory Reform Team : Enhanced Report (SMARTER) plan for restructuring local government finance which will help stop the city's dependence on sales tax.
Fair Political Practices Committee (FPPC) may fine Arcadia's disgraced former mayor John Wuo $2000 for his failure to report certain financial rewards from his participation in the now infamous Gemcoin scam.
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.
Arcadia could build a multi-purpose Senior Citizen Center for $1.5 million plus the cost of the property, according to a report submitted to the City Council by Warren Shaw, chairman of the Arcadia Senior Citizen's Commission. The report indicated that most of the money would come from state and federal sources, but that Arcadia would need to chip in at least $225,000 of matching funds. The center is necessary, Shaw said, due to a current lack of senior citizen facilities.