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Carmel-by-the-Sea staff recap budget figures, warn of $34 million infrastructure shortfall
Summary
City staff previewed upcoming budget adoption hearings, summarized current revenue and spending figures and said recent studies show an estimated $34 million backlog in building, storm drain and pavement maintenance.
Staff member 2 said the City of Carmel-by-the-Sea will hold budget adoption hearings next week and reviewed the municipality’s recent revenue and spending figures.
"We have roughly $32,000,000 of operating expenses and about $8,000,000 of capital work planned," Staff member 2 said. "So that gets us to about a $40,000,000 budget this year." Staff member 2 also said the city’s three largest revenue sources total about $30,000,000 and that charges for services are about $3,000,000.
Staff member 1 reminded attendees that the city is required to adopt a balanced…
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