Arcadia would lose $1.2 million in revenue during the next two years under a California State budget plan proposed by Governnor Arnold Schwarzenegger. Also, a dog park at Eisenhower Park would open.
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.