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Chino council adopts midterm FY24–25 budget update and sets appropriations limit; Measure V revenue cited as key
Summary
The council unanimously adopted Resolution No. 2025‑6 (midterm budget update) and Resolution No. 2025‑7 (appropriations limit) on Jan. 21 after staff presented updated revenue, staffing and capital project changes that shifted a projected $7 million deficit to an approximate $150,000 surplus, largely because of Measure V sales‑tax projections.
At its Jan. 21 meeting, the Chino City Council unanimously approved a midterm fiscal‑year 2024–25 budget update and adopted an appropriations limit resolution following a staff presentation on updated revenues, staffing adjustments and capital projects.
City Manager Linda Reich and finance consultant June Overholt presented the midterm update. Overholt summarized changes since the initial two‑year budget adopted in June 2023: audit adjustments to beginning fund balance, correction of a misallocated pension note, staffing additions and classification/compensation changes, and inclusion of Measure V sales tax receipts. She said the adopted 2023 budget had…
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