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Chino council approves midyear budget adjustments after staff flags $16 million revenue shortfall from delayed developments
Summary
Council adopted a midyear budget adjustment that reduces revenue estimates by about $16 million largely because several large multiunit developments were delayed, approves $811,000 in additional general-fund appropriations and authorizes a $7 million transfer from internal service funds to cover one-time needs.
The Chino City Council voted April 1 to adopt midyear budget adjustments for fiscal year 2024–25 after staff reported material changes to revenue projections and one-time expenditures.
Finance Director Kim Sowell and City Manager Linda Reich told the council that updated forecasts reduced overall revenue estimates by roughly $16 million. Sowell said the bulk of the reduction reflects delays in large multiunit developments — including two multi‑building projects along Chino Hills Parkway and an Orbis development — which lowered expected user-fee and development-impact revenues.
Counc…
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