Measure B revenues slightly above projection as Roseville reports $15.9 million general fund surplus; CalPERS payment deferred pending 2025 results

City of Roseville staff reported to the Local Sales Tax Citizens Oversight Committee on Feb. 26 that the general fund closed fiscal year 2023–24 with a $15.9 million surplus made up of $3.3 million in revenues above budget and $12.6 million in expenditure savings.

Scott Pettingell, finance director, summarized key revenue and expenditure results: Bradley Burns sales tax underperformed the budget with an approximate shortfall of $2.6 million, while Measure B local sales tax receipts exceeded the budget by about $200,000. Property tax and development‑related revenues came in stronger than expected and helped offset the sales tax shortfall. Pettingell said, “Overall, our general fund ended fiscal year 24 with a $15,900,000 surplus.”

City staff reported that much of the expenditure savings came from salary savings tied to vacant positions and deferred material and services spending; about $12.6 million in expenditure…