View Mobile Site
 

Ask the Expert

Signal Photos

 

City faces $68.6M budget reduction

Posted: June 9, 2009 8:47 p.m.
Updated: June 10, 2009 1:39 p.m.
A A A

With the adoption date drawing nigh, the City Council got a look Tuesday night at Santa Clarita’s proposed budget for the coming fiscal year.

The $171.9 million draft budget for 2009/10 reflects a 29 percent — or $68.6 million — drop from the current fiscal year.

The drop is due in part to reductions in the general fund, and fewer capital projects.

The 2008/09 budget, for example, included $23 million for the Golden Valley Road bridge annd $18 million for the Magic Mountain Parkway/Interstate 5 interchange project.

Included in the budget is a $77.6 million general fund that is down roughly 4 percent.

The city will have about $10 million as an operating reserve, according to a budget summary. That is a drop from the 2008/09 reserve of about $11.6 million.

Reserve funds can be used for one-time expenses. For example, funds from the city’s operating reserve were part of the $26 million spent in the wake of the 1994 Northridge earthquake that devastated the region.

The budget is scheduled to be adopted June 23, and the fiscal year lasts from July 1 to June 30.

The budget overview comes as the city manager’s office reports the city has seen a 16-percent drop in general-fund revenues since the beginning of the recession.

Additionally, office and retail vacancies in the city have reportedly risen from 12 percent to 18.6 percent, and 3 percent to 5.6 percent, respectively.

The budget for parks, recreation and community services has seen a drop to $20.2 million, down about a half-million from $20.7 million in the 2008/09 budget.

Though millions of dollars’ worth of projects were cut from the capital improvement project budget, it still tops out at about $27.9 million.

Among the capital projects on tap for the coming year is a $720,000 project to replace outdated irrigation hardware. This is aimed at reducing the city’s water use by about 10 million gallons per year, according to a budget report.

City officials spent the last several months trimming already conservative department budgets, shaving about $4 million off the budget in the last month.

Reductions were made in several ways, according to Pulskamp’s summary.

A number of expenses were transferred from the general fund to the special revenue fund; 20 open job positions were frozen, including a community preservation officer and a supervising building inspector; outsourcing budgets were trimmed; temporary employee, overtime and training budgets were slashed; and there have been reductions in printing and postage costs and electrical use.

 

Comments

Most Popular Articles

There are no articles at this time.
Commenting not available.
Commenting is not available.

 
 

Powered By
Morris Technology
Please wait ...