Manhattan Beach introduces balanced budget
Manhattan Beach Financial Director Bruce Moe introduced a balanced operating budget for the upcoming fiscal year to the City Council on Tuesday, with a projected $252,691 surplus in the $53 million general fund. “The city continues to see overall economic stability and advancement,” City Manager Dave Carmany noted in his budget message. Property tax revenues, the city’s largest revenue source, are slowly improving and sales tax revenues are growing with consumer confidence. In the proposed budget, property tax revenues are projected to increase by 2.6 percent, or $516,605, and sales tax revenues are to increase by 7.8 percent, or $631,000. “It’s an encouraging trend, but don’t think were going to see tremendous growth in property tax in next year or two,” Moe said. Public safety was a top priority in building this year’s budget, said Financial Director Bruce Moe. In past years, police staff was reduced to help balance the budget. This year, the proposed budget reflects five additional positions – two police officers, one police lieutenant, one jailer, as well as one associate planner. The public safety additions are largely due to the state’s public safety realignment bill, AB…
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