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Perris declares fiscal emergency (preparedness) after staff outlines revenue declines and rising costs
Summary
City staff reported declining reserves, falling e‑commerce and cannabis revenues, and rising public safety and insurance costs; council unanimously adopted a resolution declaring a fiscal emergency as a preparatory measure to explore revenue options and budget adjustments.
The Perris City Council on Dec. 9 unanimously adopted a resolution declaring a fiscal emergency as a preventive preparedness measure after staff outlined a drop in reserves and several downward revenue trends.
Assistant City Manager/Finance Ernie Reyna summarized the city’s financial assessment: unassigned reserves dropped from about $42 million to a projected $27 million, overall reserves fell about 19% year‑over‑year, and expenditures have grown faster than revenues…
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