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Montebello projects a modest FY25–26 general fund surplus; council approves midyear report
Summary
Finance staff reported a projected FY25–26 general-fund surplus of about $260,000 driven by higher sales and permit revenues; the council approved the midyear budget report 5–0 after questions about county and state tax measures.
City finance staff told the council the FY25–26 general fund is now projected to end about $260,000 in surplus, down from an adopted surplus of roughly $895,000 earlier in the fiscal year.
Finance director Michael Solarsa outlined revenue and expenditure trends, citing stronger sales tax and permit revenue. He said sales-tax receipts rose notably (retail sales up 24.7% in one quarter…
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