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Monrovia adopts two‑year budget with one‑time PFAS settlement set aside
Summary
After two study sessions the council approved a two‑year budget that includes PFAS settlement proceeds set aside, continued CIP spending and strategies to manage rising pension costs.
The Monrovia City Council on June 17 adopted a two‑year operating and capital budget for fiscal years 2025–26 and 2026–27 that staff described as conservative and flexible.
Finance staff said the fiscal plan includes one‑time PFAS settlement proceeds—$3,670,000 in year 1 and $140,000 in year 2—which the city will set aside in a separate general fund account. The budget incorporates strategies to manage rising CalPERS unfunded accrued liability (UAL) costs, personnel and maintenance and…
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