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Cerritos warns of budget gap; council reviews $128 million operating budget and water-rate study
Summary
Mayor Frank Aurelio Yokoyama said city expenditures are projected to outpace revenues and described a preliminary FY2025–26 operating budget of about $128 million, a $23 million capital program and a planned water-rate study.
Mayor Frank Aurelio Yokoyama told the State of the City audience that Cerritos faces fiscal pressures and is reviewing a preliminary fiscal year 2025–26 budget that projects expenditures to outpace revenues.
Nut graf: The mayor said the city is pursuing cost savings and a water-rate study to address revenue shortfalls, noting municipal sales tax structure and limited property tax revenue as contributing factors.
Details: Yokoyama said forecasts show expenditures are…
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