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Council approves midyear budget adjustments projecting $2.18 million in additional revenue
Summary
The council approved midyear budget adjustments that increase consolidated general fund revenues by $2,179,218 (including $161,000 in property tax and nearly $400,000 in grant revenue) and project a year-end general fund balance of about $7.6 million; council votes were unanimous.
The Desert Hot Springs City Council on March 4 approved midyear budget adjustments for fiscal year 2024–25 that increase projected consolidated general fund revenues by $2,179,218 and estimate an ending general fund balance of about $7.6 million.
Finance presenter Becker outlined the revenue increases — including $161,000 in property tax increases linked to tax-increment trust funds from the former redevelopment agency and…
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