The Santa Clarita City Council and Commissioners met Tuesday to discuss the state of the economy and city’s budget during a study session.
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The Fiscal Year 2014-2015 Joint Budget Study Session is an informal meeting meant to help the council adopt a balanced budget by the July 1 deadline, said Gail Morgan, communications manager.
The budget outlook is “very positive,” Morgan said.
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“Many council members and commissioners complimented staff for their budgeting acumen,” she said. “They were pleased the city is so solvent that we have ample reserves and budget conservatively.”
Reserves, also known as the city’s savings or “rainy day fund,” from this year was 18 percent, and their goal is to reach 20 percent in the future.
Kenneth Striplin, city manager, provided a 15 minute preliminary overview of the budget. Specific numbers were not given, but revenues were discusses, such as increases due to sales tax.
Major project were not discussed, but Morgan said the widening of Golden Valley Road by State Route-14 as well as landscaping, or “what we call ‘beautification,’” are some big project’s starting.
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The following is a list of upcoming meetings listed in the Power Point:
Subcommittee Meeting: April 29
Joint Budget Study Session: May 6
Subcommittee Meeting: May 12
Planning Commission Meeting: June 3
City Council Budget Hearing: June 10
City Council Budget Adoption: June 24
More information: Santa Clarita News
Source: Santa Clarita News