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Rolling Hills Estates council receives updated FY 2025-26 budget projections
Summary
Council reviewed updated revenue and expenditure projections for the general fund, discussed revisions to property tax and investment income estimates, and voted to receive and file the finance committee''s recommendation for further review.
The Rolling Hills Estates City Council on Wednesday reviewed updated projections for the fiscal year 2025-26 general fund and voted to receive and file the report from staff and the finance committee.
City finance staff presented revised revenue figures and line-by-line changes to proposed expenditures, saying property tax growth assumptions were lowered to 4 percent and interest income expectations were increased slightly. "I have lowered our projections for next year," the presenter said, noting an updated projection that the city will collect about $1,000,004.43 by the end of the current fiscal year and that using a 4 percent growth assumption produces the projection shown in the packet.
The finance…
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