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.
"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.
Trip to China and Taiwan called off by Arcadia City Manager Dominic Lazzaretto, in light of recent "questions" about city officials' motives. The $30,000 in donations to fund part of the trip will not be accepted. See VF Sister City. See also Arcadia Weekly, p. 1, February 26, 2015.
Arcadia residents, city officials grapple with homeless issue at a public forum at Arcadia Performing Arts Center. City Manager Dominic Lazzaretto said easing the homeless crisis comes down to two major areas--enforcement and services. Police Chief Roy Nakamura said the number of calls to Arcadia Police Department related to the homeless increased from 1493 in 2019, to 2067 in 2020.
Dominic Lazzaretto will be the new Arcadia City Manager, pending City Council's approval next week. He replaces Don Penman and is expected to start on March 26. He has been City Manager of La Palma for 6 years.
Arcadia's new city manager Dominic Lazzaretto is ready for the job. He starts March 26 and replaces Don Penman who retired last November. He comes to Arcadia from a City Manager position in La Palma.
At the Arcadia Chamber of Commerce's annual Power Planning Conference on January 24, City of Arcadia's City Manager, Dominic Lazzaretto, provided optimism to the local business community during this time of economic uncertainties. He said 25% of Arcadia's $48 million in annual revenue comes from local businesses--with nearly $10 million from sales taxes and another $2 million-plus from licenses and permits. The City has proposed a new business assistance program ombudsman to help entrepreneurs with the start-up process, is working with Chamber of Commerce to create a more interactive one-stop business checklist, and has not increased the cost of a business permit.
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 police and firefighters have voted to defer a portion of their salaries and health benefits to help close the city's budget shortfall. In total, employee pay and benefit deferments will free up about $300,000. The city is trying to close a $600,000 deficit this fiscal year in its $48 million general fund budget.
Arcadia City Council approves $55.7 million General Fund budget for fiscal year 2015-2016. Officials anticipate revenue totaling $59.7 million, enabling $4.5 million in funds transfers toward road and park improvements, staff equipment upgrades, a boost to the general liability and workers' compensation fund, establishing a reserve fund for building a new City Hall and nearly $500,000 in new programs and employees.
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.
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 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.
Arcadia Rotary Club's Salute to Seniors Luncheon May 8, 2018 will honor Mary Hansen, the Arcadia 2018 Senior of the Year. She has 46+ years of volunteer work throughout the city. See hard copy in VF Senior Citizen of the Year.
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.