On Wednesday, June 6, the City of San Bernardino held a public hearing for its proposed fiscal year 2018/19 operating budget and Capital Improvement Program. The final budget will be presented again for adoption on June 20, by the City Council. The proposed budget is available online for public viewing.
“San Bernardino is beginning to experience positive economic growth and we must make responsible and prudent decisions that will allow this growth to continue,” said City Manager Andrea Miller. “We are in a good position for 2018/19 but must be diligent in the way we conduct the future business of the City to ensure it is run effectively and with positive momentum.”
The proposed budget for FY 2018/19 includes:
The FY 2018/19 proposed budget planning was based on the 20-Year Financial Model, a framework that requires financial discipline to make short and long-term policy and service level recommendations. Implementing this type of budget model is important as the City plans for and addresses a projected $7 million gap for FY 2022/23.
Strategic decisions to keep a balanced budget long term include:
“This proposed budget will strengthen the City’s fiscal foundation necessary to provide quality services, improve infrastructure, encourage investment, and provide a high quality of life for our residents and businesses,” said Mayor R. Carey Davis. “Now that we have successfully exited bankruptcy we are earnestly working toward becoming fiscally sound, in both the long and short term. The FY 2018/19 budget reflects the progress we are making toward establishing a truly firm financial footing in San Bernardino."