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Youth Commission hears city budget overview from Finance Director
Summary
Stephanie Meyer, Redondo Beach finance director, told the Youth Commission the city’s fiscal-year 2025–26 budget totals about $225 million, with roughly $115 million in the general fund; she outlined revenue sources, spending priorities and how the Commission can submit input to the City Council during the budget and strategic-plan process.
Stephanie Meyer, the city’s finance director, presented an overview of Redondo Beach’s budget to the Youth Commission and described how commissioners and residents can influence council priorities during the strategic-plan and budget review.
Meyer said the city’s fiscal year runs July 1 through June 30 and that the total budget for the current year is about $225 million, with nearly $115 million in the general fund, which officials can allocate to general services. "The budget is really a city spending plan…and it's also a statement of the city's priorities," Meyer said.
She listed the largest revenue sources as property tax, sales and hotel taxes, fees for services (such as recreation programs), enterprise funds (harbor, transit, sewer), fines and grants. Meyer emphasized that property taxes are the single largest contributor to the general fund and that many other funds are restricted to specific uses.
On the spending side, Meyer said personnel and benefits make up the largest share of general-fund expenses, followed by internal services (equipment and insurance) and capital projects such as parks and street repairs. She identified police, public works and fire as the departments with the largest budgets because of staffing and service demands.
Commissioners asked how the Youth Commission can influence funding decisions. Meyer said the commission can submit letters, comment at City Council hearings and participate during budget meetings. She outlined an upcoming timeline: staff will report to council on budget performance in mid-March; the initial budget presentation is scheduled for May 19, followed by a series of budget meetings before adoption.
Meyer also discussed options for increasing revenue — raising taxes or fees, expanding the local business base, or seeking external grants — and noted legal constraints: under California law, a proposed tax increase must be put to voters and requires voter approval.
When commissioners asked about the city’s investment returns, Meyer said annual investment revenue is about $1.66 million, with roughly $1 million going to the general fund; she described the city’s conservative investment policy emphasizing safety, liquidity and limited risk.
The presentation closed with staff describing specific opportunities for the Youth Commission to engage on budget and strategic-plan items this spring and summer; the commission moved to receive and file the presentation.
Next steps: staff will take Youth Commission input into council briefings and the Commission will have multiple opportunities to submit formal letters and comments ahead of the council’s budget and strategic-plan deliberations.
