Mar 4, 2015 2:00 PM by News Staff
The Chico City Council voted Tuesday night to allocate more than $2 million toward the city's ongoing fiscal recovery efforts.
The council weighed three options about how to spend nearly $5 million in carryover funds coming from higher than anticipated sales and property tax revenues in 2014.
All three options considered included using a portion of the $4,860,207 to pay down deficits that continue to weigh on city finances, as well as replenishing depleted city funds.
Council members decided on option B which designates the transfer of $2,454,707 to the city's general fund deficit.
The option chosen carries $1.2 million into the next fiscal year, and allocates $181,000 for neighborhood parks and $100,000 to the airport fund.
The council had previously approved the usage of 478,000 to hire three new police officers, a waste consultant, make flood repairs in the Bancroft neighborhood and for repairs to Sycamore Pool.
The remaining $450,000 will be split into a variety of one time city-improvement expenses, including $25,000 for the Chico Library, a laser mapping system for the police department and a streets condition assessment.