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Vista reports strong reserves and one‑time allocations; council directed cannabis revenue to scholarships
Summary
Mayor John Franklin said Vista’s emergency reserves equaled 32% of annual expenditures ($36.7 million), the city earned more than $8.5 million in investment earnings in 2024, and the council allocated $6.7 million from the FY 2023–24 general fund balance and directed $2.1 million in cannabis revenue to scholarships and one‑time projects.
Mayor John Franklin said Vista’s fiscal position remained strong in 2024, citing emergency reserves equal to 32% of annual expenditures — $36,700,000 — and investment earnings that exceeded $8,500,000.
Franklin said the City Council allocated $6,700,000 from the fiscal year 2023–24 general fund year‑end balance to “critical…
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