The City of Fullerton’s Proposed Budget is out and tonight your elected Council will vote to approve it.
$172.6 million represents the “total appropriations” planned for FY2011-12 for the City of Fullerton and the balance, $20.4 million, is what the Redevelopment Agency plans to spend for the same period.
The biennial budget also includes a rough budget for FY2012-13 with $183.2 million in projected additional spending.
If the City had the money to spend, I could see a favorable vote by Council members, however, the 2-year budget falls $8 million short of being balanced.
Unfortunately, this budget is based on the premise that city employees will negotiate and accept a cut in benefits in order to help balance the revenue short-fall or over-extended expenditures depending on your point of view.
5 Council members elected by you to control $193,000,000 and in the end, we get about $4,043,000 to repave our streets and $1,600,000 to fix our water system…
With only 3% of our budget being invested in our streets and water system, its no wonder our water rates will be going up.