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Laguna Niguel Council approves midyear budget shifts to fund Crown Valley, Golden Lantern and La Paz projects
Summary
The Laguna Niguel City Council on Feb. 18 approved midyear budget adjustments that recognize new revenue and transfer $3.75 million to capital projects, including funds for Crown Valley Parkway westbound widening, Golden Lantern median modifications at Cerny Lane, and La Paz Road mobility repairs.
Laguna Niguel City Council on Feb. 18 approved staff-recommended midyear budget adjustments that increase recognized general fund revenue and move $3,747,216 into capital improvement projects to accelerate three street projects.
Finance Director Agarelli presented the midyear review, saying the city closed fiscal 2023–24 with a surplus and stronger-than-budgeted revenues. Staff recommended that the council recognize $1,439,047 in additional general‑fund revenue and transfer $3,747,216 to the capital improvement fund; council approved the recommendation by a 4–0 vote (motion by Council member Winstead, second by Council member Otto).
The midyear package directs the new funds toward three projects: (1) the Crown Valley Parkway westbound widening project…
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