City of Arcadia faces new budget year with caution, even though there is a surplus. Arcadia is projecting a budget of $29.96 million, down from $30.5 million the year before.
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 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.
Senator Bob Margett told Arcadia City Council that California is facing a $15 billion deficit in the 2003-2004 fiscal year and cities could be targeted for revenue transfers.
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.
Arcadia City Budget elements explained for Chamber government affairs. Administrative Services Director Hue Quach says horse race revenue for capital improvements down millions per year.
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.
Many San Gabriel Valley cities are seeing an increase in property tax revenues in the 2009-2010 fiscal year, namely San Marino, Arcadia, Bradbury, Alhambra and South Pasadena. Arcadia's property tax revenue is expected to be $3,359,282.80 compared to $3,294,314.77 in 2008-2009. Other cities' figures are given. In the average city, property taxes make up 11% of the city budget.
The $13.5 million budget for Arcadia, 1980-81, as available for public study and comment. The article outlines the proposed operating budget, capital projects program and proposed use of federal revenue-sharing funds.
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.
"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.
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.