Chico's budget surplus plan

City leaders budgeted conservatively their last fiscal year, now revealing a $20 million surplus.

Posted: Dec 26, 2019 8:48 PM
Updated: Dec 27, 2019 9:00 AM

CHICO, Calif. - City leaders budgeted conservatively their last fiscal year, now revealing a $20 million surplus.

Mayor Randall Stone said revenues were expected to be high, but the surplus is above what they had anticipated.

This comes after the fiscal year between July 2018 and June 2019.

Stone said they knew that revenues were expected to be high, especially post Camp Fire.

The revenue stemmed mostly from sales and hotel tax, also known as transient occupancy tax.

Stone said the city council already has some targets in putting money towards enhancing public safety.

And they're already spending some of that money on police and fire.

Stone says the city's capital improvement budget is well above $100 million dollars.

One project being the police and fire department re-organization project that has been proposed and voted to move forward with. 

Stone says there are still longterm needs for this community. 

Some of the money has already been designated and requested to use toward new communication technology with the police department.

"There's still significant longterm fiscal infrastructure needs that we have in this community so it's great news but we also have roads that are significantly torn up," Stone said.

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