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The original item was published from 5/31/2018 5:18:28 PM to 6/5/2018 10:05:02 PM.

News Flash

Fountain Valley News

Posted on: May 31, 2018

[ARCHIVED] 2018-19 Proposed Budget

18-19 Budget Cover

2018-19 Proposed Budget

On May 15, 2018, the City Council held a budget workshop to review and discuss the Proposed Budget for Fiscal Year 2018-19. The General Fund Operating Budget for 2018-19 is balanced with a healthy operating surplus of $5.9 million. Measure HH provides the necessary funding to maintain essential city services and funds capital improvements, pays down debt and restores reserves. The City’s fiscal policy is guided by the 20-Year Financial Plan with the goal of being debt free in 2037 when Measure HH sunsets. The City is on a solid path towards long-term fiscal sustainability. On April 26, 2018, the Measure HH Oversight Committee concluded that the Proposed Measure HH Budget for 2018-19 is consistent with the intent of the Measure HH ballot measure and the Responsible Spending Pledge. On June 5, 2018 the Proposed Budget will be presented for City Council consideration. You can find the proposed 2018-19 budget here:

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