A unanimous City Council adopted a "conservative" $42.5 million 1990-91 budget after fine-tuning some expenditures to the Chamber of Commerce and the workers' compensation program. The city has $33.8 million in reserves going into the 1990-91 fiscal year, and expects another $42.6 million in revenues.
The Arcadia City Council approved a $48.7 million budget Tuesday without the significant reductions many other cities are facing due to a downturn in the economy.
Nordstrom's due to open August 26 at the Santa Anita Fashion Park, will employ 300 to 400 people and provide the city with an estimated $500,000 in annual sales tax revenue.
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.
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.
The new City Council has several options to try to fill the projected $2.2 million general fund budget gap. Options include dipping into city reserves, raising taxes and fees, salary cuts and layoffs.
City department heads gathered for a 3-day workshop to study City Council's goals and objectives for 1993, including planning for state revenue cutbacks, fire and library building construction and promotion of economic development.
The Arcadia City Council approved a $57.4 million budget for 1993-94 that includes a new fire station, renovation of the library and revitalizing the downtown area.
The City Council approved a $25.7 million general fund budget after resolving a $418,000 projected shortfall and agreeing to the closure of City Hall on alternate Fridays.