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Murrieta reviews Q1 finances, seeds $7M vehicle-replacement fund and approves budget adjustments
Summary
Finance staff reported $22M in Q1 revenues and proposed adjustments including a lump-sum transfer (~$7M) to establish a vehicle-replacement fund and approximately $644,000 in operating increases; council approved the first-quarter report and associated budget amendments unanimously.
Murrieta — City finance staff presented the fiscal-year 2025–26 first-quarter budget update on Dec. 2 and the council approved proposed budget adjustments, including a one-time transfer to create a vehicle-replacement fund.
Finance Director Javier Carcamo told the council the city collected just over $22 million in revenues through Sept. 30, with license and permit fees trending higher than…
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