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Stockton council adopts $956 million fiscal 2024–25 budget, approves $58.1 million in year-one CIP spending
Summary
The Stockton City Council on June 18 adopted the fiscal year 2024–25 budget and the 2024–29 capital improvement plan, approving $956 million in citywide expenditures and a first-year CIP allocation of about $58.1 million; council voted 6–0 with one member absent.
The Stockton City Council adopted the city’s fiscal year 2024–25 annual budget and the 2024–29 capital improvement plan on June 18, approving $956,000,000 in citywide expenditures and a first-year CIP program of about $58.1 million.
Budget officer Imelda Arroyo told the council the proposed budget reflects inflationary pressures, higher utility and materials costs and targeted investments in public safety and city services. "The citywide proposed budget is $956,000,000," Arroyo said, and she noted the plan includes 31 new full-time positions and $13.2 million in expanded services funded from the general fund.
Arroyo outlined the budget’s revenue assumptions, saying total revenues (excluding interfund transfers) are projected at about $873,000,000 and that the general fund revenue is budgeted at approximately $320,500,000. She also described the city’s long-range financial plan, which projects a rise in reserve targets to address pension and recruitment pressures and assumes periodic recessionary impacts on revenues.
Council members questioned unfunded CIP needs and timeline assumptions. Councilmember Wright, noting recent pedestrian-safety improvements, urged continued progress on transportation projects and described the city’s long list of unfunded capital priorities. "We don't have anywhere near the amount of funding to be able to do those, but we are hacking away with it," Wright said.
The council voted by roll call 6–0 to adopt the budget and related resolutions authorizing the fee schedule and appropriations limits; Councilmember Lehi was recorded as absent. Imelda Arroyo said staff will return with implementation details and that the successor agency and parking authority budgets will be considered separately in their respective roles.
What happens next: Staff will proceed with budget implementation and with tracking and reporting on the capital program; councilmembers said they will continue pursuing grants and outside funding to close large long-term CIP gaps.
