Ted Lieu visits El Segundo council; ESFD Chief Smith retiring
El Segundo Mayor Suzanne Fuentes, city intern Daisy Sanchez, and U.S. Congressman Ted Lieu at Tuesday’s City Council meeting. Sanchez, a student from UC Davis who conducted a study of downtown parking for the city, and Lieu, an Air Force reserve who still does his duty at the base in El Segundo, were both commended by the mayor for their service to the city. Photo The City Council Tuesday night received a proposed preliminary budget for fiscal year 2015-2016 that dips slightly into reserves in order to balance but also contains some hopeful signs. The budget, which was discussed more thoroughly at two strategic planning meetings in August, showed a gap in expenses over revenue of about $1.2 million, which was met with excess general fund reserves beyond the city’s 19 percent requirement. City’s expenses were slightly more than $64 million, while revenues were $62.8 million. “Essentially we were able to use the fund balance to be able to balance the general fund in and of itself,” interim finance director Misty Chen told the council. Chen also pointed out that while most revenues project as flat, a few did show promising increases, including a $650,000 increase in hotel bed tax due…
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