|The Chula Vista City Council unanimously approved a $134.5 million Fiscal Year 2014-15 General Fund budget at the June 17 City Council meeting.
The $134.5 million General Fund budget provides the highest level of municipal services based on available resources, makes progress on key programs and projects, continues stabilizing the City’s financial base, and maintains a balanced General Fund budget. The budget identifies normal operating costs, connects funding to the citywide strategic plan, incorporates department funding priorities, and targets expenditures to service levels reported in the Program Summary.
The Council action also approved the $19.8 million Capital Improvement Program (CIP) budget that will fund roadways, wastewater, drainage systems, and other infrastructure. The CIP program reaffirms the City’s commitment to identify resources to move toward long-term sustainability of the City’s current assets as well as implement new improvements that accommodate growth.
“While not fully recovered from the effects of the national recession, the City is beginning to see modest economic grown in major revenue categories such as property tax and sales tax,” said City Manager Jim Sandoval. “The City's financial condition, while improving, remains fragile as there are many competing priorities with limited resources. The good news is that the General Fund is balanced and includes funding for programs supported by the City Council in prior fiscal years.
For more information, or to view the budget document, visit www.chulavistaca.gov/goto/budget.
Posted: June 19, 2014