Council Approves $5.8-Million Budget
The Lomita City Council this week approved a $5.8-million budget for the 1992-93 fiscal year that contains no layoffs and largely maintains city services at existing levels.
The 1992-93 budget is about $400,000 larger than the current year’s spending plan, which ends June 30.
“It’s a budget basically the same as we’ve been doing the last three years,” City Administrator Walker J. Ritter said. “We’re maintaining basically the same services.”
However, city officials said that if the state opts to cut its allocation of vehicle license fee revenue and other monies to cities, Lomita will face a drastic revenue shortfall.
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