Sierra Madre : No Budget Yet for Fiscal Year
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The city will begin the new fiscal year without an approved budget, after the City Council decided Tuesday to take more time to study an $11.3-million proposal.
The council will consider the budget at its July 9 meeting. The fiscal year begins Monday.
The proposed budget includes 39 capital improvement projects totaling $4.9 million. If all are undertaken, the city will face a $1.2-million deficit, City Administrator James E. McRea said. However, it is unlikely the city will make all of the improvements in the coming fiscal year, he said.
The proposed operating budget would provide $1.2 million for police, $233,388 for the city’s volunteer Fire Department, and $353,852 for the library. All represent increases over last year.
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