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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 and about $8,000,000 in capital work planned for the coming fiscal year, for a total around $40,000,000.
“Ten years ago, our projected revenue for the FY 2015–16 budget was 18,600,000,” one council participant said, noting the municipality’s revenue roughly doubled over a decade. Officials also described the city’s three largest revenue sources at about $30,000,000 combined, with separate categories — planning and building permit fees and other user charges — contributing about $3,000,000 each.
City staff reiterated that many of those fees are user charges, not profit centers: “We’re not permitted to make money,” one city official said of fees for permits and similar services.
Officials flagged the condition of local infrastructure as a near-term fiscal issue: staff studies estimate approximately $34,000,000 in needs for buildings, storm drains and pavement. The officials said the city will present an overall infrastructure deficit to the council in the coming weeks.
There were no formal motions or votes recorded in the remarks provided. The comments came during the meeting’s opening remarks and staff updates, ahead of the council’s scheduled budget adoption hearings.
