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Glendale staff outline $12.7 million shortfall; council told to weigh parking fee, lease renegotiations and defunding 33 vacant positions
Summary
City staff told the Glendale City Council it expects to adopt a budget that still leaves roughly a $12.7 million shortfall for 2024–25 after one‑time fixes, and presented revenue options, lease renegotiation and defunding 33 vacant positions as near‑term strategies to reduce the gap.
City staff briefed the Glendale City Council on Thursday on a projected shortfall in the city’s 2024–25 budget and options to close the gap ahead of the June 24, 2025 public hearing and adoption.
Assistant City Manager and acting finance director John Tocalian said staff expects to present a proposed budget that would close the immediate year with about a $12.7 million deficit after using roughly $8.6 million of one‑time balancing maneuvers. He said the city’s broader structural imbalance is much larger: “future years, you still have a 30 plus million dollar structural imbalance, moving forward,” and warned reserves could fall near the charter minimum by 2027–28 without durable fixes.
The report lists revenue and spending moves the city could pursue. On revenues, staff said council gave majority support in earlier sessions to a short list of concepts that includes parking fee changes, a half‑cent or quarter‑cent sales…
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