The economy is getting better 0.75% sales tax increase voter approved in March 2020 And better budgeting practices are expected to allow Montebello to spend nearly $ 6 million more than the fiscal year ending June 30 and still balance the budget.
The budget for Rene Bobadilla, manager of the city of Montebello for the 2021-22 fiscal year, which ends in June 2022, is projected to be in the black at $ 278,760 for approval by the city council on June 23.
The city council will review the budget at a meeting on Wednesday, June 9.
“This is a clear indication of improved budgeting and the ability to allocate costs to uncommon sources of funding,” said Treasury Director Michael Solorza.
“It’s healthy and balanced, it provides the basis for daily services, and there are no reductions or expansions in services and operations,” says Solorza. “It’s a well-thought-out, planned budget.”
Until this year, Montebello has experienced a series of years In the red. December 2018 State Audit As a result of operating golf courses, hotels and water systems, the city has an unstable financial base, all of which may require subsidies, while being overly dependent on temporary sources of funding. , Said there was a shortage of competitive bidding.
However, last year’s budget expected a slight surplus. The year ending this month.
Next year’s $ 61.2 million budget calls for additional 13 employees, including:
- Recording engineer for management.
- Building permit engineer and housing manager of town development section.
- Community risk mitigation coordinator, grant, project manager, senior fire inspector at the fire department.
- Human Resources and Information Systems Administrator in the Human Resources Department.
- Recreation manager for parks and recreation.
- Assistant engineer and civil engineering inspector for civil engineering work.
- Transit department maintenance manager and transit planner.
With this budget, the total number of city employees will reach 467.
“What we realized two years ago was that, depending on our size, there was a serious and significant staffing need in a particular department,” says Solorza.
For example, over the past few years, the city has added two jobs: Fire department dealing with homeless individualsHe also said that the fire department had no firefighters or help with budget paperwork.
“You can’t spend the time on firefighters on budget,” he said.
Solorza said Montebello has money to pay new employees, thanks in part to $ 7 million from Bill H, which was approved by sales tax voters last year. That amount was $ 1 million more than expected.
“Countermeasure H was one of the great initiatives that helped Montebello survive the pandemic,” said Councilor Scarlet Peralta.
Sales tax revenue is also expected to increase by 14%, or $ 2.5 million, from fiscal year 2019-20.
“The expected growth is being incorporated as people are starting to spend more,” Solorz said of the outlook for the excise tax hike.
“We’re doing better than we expected,” he said. “Federal stimulus has helped people pay for luxury as well as necessities.”
After years of financial stress, Montebello forecasts more income and future spending –
Source link After years of financial stress, Montebello forecasts more income and future spending –