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Jurupa Valley presents balanced FY2024–25 budget, proposes new capital savings policy
Summary
Interim finance staff presented a balanced FY2024–25 budget that protects restricted development funds, budgets a small surplus, proposes a new rule to place half of any post‑reserve surplus into an unrestricted capital fund, and includes modest staffing and a 3% COLA.
City staff presented a balanced proposed budget for fiscal year 2024–25 that trims restricted development dollars out of the general fund, budgets a small surplus and recommends a new capital‑savings rule for future surpluses.
June Overholt, who led the presentation, told the City Council the budget document separates development agreement funds from the general fund so that the city’s operating balance reflects only unrestricted resources. “For this budget, we pulled it out because it's restricted in nature,” she said, explaining that removing roughly $14 million in development‑agreement…
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