San Leandro Adopts Balanced Budget

The San Leandro City Council at its June 3 meeting unanimously adopted the city manager’s proposed budget for fiscal years 2013-14 and 2014-15.
The new budget, which will go into effect July 1, allocates $125 million in the first year and $127 million the second year to promote services, programs and projects.
The balanced budget is based on limited program changes and a slight increase in personnel attributed, in part, to increased economic development staffing. As in previous years’ budgets, no wage increases for city staff are included as part of the plan.
Program reductions made in past years have not, for the most part, been restored.
“For the first time in the city’s history, we are adopting a two-year budget,” said Mayor Stephen Cassidy “Moving to a Biennial Budget is important in achieving long-term fiscal stability. It’s a procedural mechanism that can have significant and positive impact in ensuring we operate in a fiscally prudent manner by adopting budgets that are balanced for two years.”
According to City Manager Chris Zapata, “The two-year budget truly highlights the City Council’s support for community partnerships by investing new money in neighborhoods, business and increased funding for our non-profits to meet urgent needs for those less fortunate.
“The structural deficit will remain a challenge in future budgets.”
Finance Director David Baum added, “The Biennial Budget begins to address unfunded liabilities for city street repair, pension and retiree medical costs. Fortunately, sales tax and other important revenues are rebounding, making it possible to meet the city’s obligations.”
For more information about budget, go to the budget section on the city’s website

City Manager Chris Zapata

Share Button
Print Friendly

Filed under: Articles

Post a comment

Your email is never shared. Required fields are marked *