First published in the Aug. 4 print issue of the Outlook Valley Sun.
The La Cañada Flintridge City Council recently adopted the annual budget and financial plan for fiscal year 2022-23.
The city is in strong financial standing with a stable General Fund that maintains core services for the community. General Fund revenues for fiscal year 2022-23 are projected at a 3.8% increase over the prior fiscal year. Budgeted sales tax continues to remain a strong point of revenue, while property tax remains the city’s highest source of revenue at 6.3% above last year.
With a steady and stable revenue stream, the city plans to enhance city resources and infrastructure, while maintaining sufficient reserves. General Fund expenditures for fiscal year 2022-23 are budgeted at a 5.8% increase from the prior year. The spending can be attributed to increases Los Angeles County Building and Safety service cost increases, ongoing Housing Element and GIS mapping consultant costs, integrating a Document Management System, investments in Field Reservation software, telephone hardware and software, event broadcasting, lease space improvements and maintenance, and the Memorial Park Gazebo replacement, among other new additions.
City Council also appropriated more than $4.3 million in new Capital Improvement Projects, from the one-time cash infusion allocated by the American Rescue Act funds, to enhance city resources and infrastructure. City Council earmarked $3.5 million to be designated for repairing the Foothill Boulevard dip and an additional $4 million for capital projects funded through restricted special funds.
“The city of La Cañada Flintridge is dedicated to delivering the best programs and services for its residents and businesses,” said City Manager Mark Alexander. “The budget adopted by our City Council is balanced with strong reserves and positions our city to continue making investments that make our city a great place to live, work and play.”