On June 20, the Arcadia City Council adopted the City's operating budget and capital improvements budget. For the first time, the city is embracing a two-year budget program.
The Arcadia City Council adopted its fiscal year 1996-1997 operating budget, approved the proposed spending plan for 1997-1998 and adopted the Capital Improvement/Equipment Acquisition Program for 1996 through 2001 at its June 18 meeting.
Los Angeles County Parks and Recreation Proposition A funds will be used to re-do the Civic Center athletic field and light more soccer fields. The City Council also adopted a five-year capital budget.
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.
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.
Since state lawmakers have reached a budget deal. West San Gabriel Valley cities will receive monies to be used for road repairs and transit improvements. Arcadia will receive $237,931 in 2005-2006. In the past two years, these funds were withheld by the state to cover budget shortfalls.
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.