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Rosemead midyear report shows projected surplus amid rising property-tax and permit revenue
Summary
Finance Director Brian told the council the city is projecting a year‑end General Fund balance of roughly $38.3 million and a surplus driven by stronger-than-expected property and permit revenues; councilmembers asked for clarifications about department spending rates and the timing of insurance payments.
Rosemead’s finance director presented a midyear update showing the city on track for a surplus and stronger-than-expected tax and permit revenues. During the presentation, Finance Director Brian highlighted an estimated year-end General Fund balance of about $38.3 million and said estimated tax receipts were projected to exceed the approved budget by roughly $225,000.
"Overall, we're currently projecting a surplus," Brian said in…
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