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City manager briefs Harbor Commission on budget constraints, waterfront capital priorities
Summary
City Manager Mike Wazanski told the Harbor Commission on March 10 that the city will present a budget to City Council by its charter deadline and that waterfront funds remain stressed despite recent capital investments; commissioners formed a subcommittee to draft a budget wish list for Council.
City Manager Mike Wazanski on March 10 told the Redondo Beach Harbor Commission the city will present its annual budget to City Council by the charter deadline of May 16 and is preparing what he called a largely "business as usual" proposal.
Wazanski said the city expects the majority of near-term revenue growth to come from property valuation increases and not sales or transient-occupancy tax, and warned that the Harbor Uplands and Tidelands funds will likely need general‑fund support to remain balanced in the coming year.
The briefing provided early context for the harbor-related portions of the budget, including capital projects the city plans to carry forward and funding priorities staff will present to Council. "We propose our budget, as you know, each year mid May by May 16. That's our charter requirement and we strive to do that again this year," Wazanski said. He told commissioners the general fund is "hovering around a hundred and $10,000,000" and that new labor agreements and increased pension payments are among the expenditure pressures staff must…
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