The FY 2024-2025 budget maintains the status quo due to an anticipated slowdown in revenues and an increase in expenses. This balanced budget aligns with City Council goals and community budget priorities.

Despite the challenges ahead, the City is in a position to continue to grow while maintaining a solid and sustainable fiscal condition. Increase in CALPERS costs (pension liability), aging infrastructure, and the need to look for new revenue sources to offset the cost of anticipated CAL FIRE staffing requirements are key issues to confront in the near future. The City continues to maintain fiscal discipline through careful spending and appropriate revenue enhancements. This approach along with previous strategic decisions have allowed the development of this $48.8 million budget, of which $15 million is related to the General Fund.

To see the budget presentation click here: https://www.cityofsoledad.com/budget/