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Rancho Mirage preliminary budget shows operating surplus but reserves to fund $3M IID substation for housing capacity
Summary
City staff presented a two‑year preliminary budget that projects a modest operating surplus in year one but a combined operating/non‑operating deficit driven largely by a planned IID electrical substation investment to enable affordable housing; the council signaled support for using reserves for the one‑time cost.
Rancho Mirage City staff presented a preliminary two‑year budget May 21 that projects a roughly $1.3 million operating surplus for fiscal 2025–26 but a larger overall deficit after planned capital spending, leaving the city drawing on reserves to cover about $2.6 million in net shortfall in the first year.
Kofi Atobam, the city’s director of administrative services, told the council the budget projects operating revenues of about $37 million and operating expenditures that produce an operating surplus of roughly $1.3 million for the first budget…
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