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Duarte projects $1.4 million midyear surplus, council approves budget amendments
Summary
Assistant City Manager Kristen Peterson told the council one‑time development revenues are driving an estimated $1.4 million surplus for FY25–26; council approved midyear budget amendments allocating funds to project completion, a plan‑scanning effort, and anticipated contract increases.
Assistant City Manager and Director of Administrative Services Kristen Peterson reported a marked improvement in Duarte’s midyear budget position, driven mainly by one‑time development revenues. "We adopted our 2526 budget with a $937,000 deficit back in June 2025," Peterson told the council, and said updated midyear numbers now show the city "actually anticipating a surplus of $1,400,000."
Peterson attributed the swing primarily to building permit and plan‑check receipts tied to a small number of large projects: plan‑check fees and permits from the City of Hope PRO Building…
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