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Carmel-by-the-Sea officials outline budget hearings, say balanced budget required by June 30
Summary
City officials told staff that budget adoption hearings are scheduled next week and reiterated that the city must adopt a balanced budget by the end of its fiscal year on June 30; officials reviewed revenue growth, a roughly $40 million budget and an estimated $34 million infrastructure deficit.
City officials said the council’s budget adoption hearings are set for next week and reminded listeners that “we are required to have a balanced budget by the end of our fiscal year, which is June 30,” a city official said.
The officials emphasized why the hearings matter, noting recent revenue growth and planned capital work. City staff estimated roughly $32,000,000 in operating expenses…
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