Public Session to Be Held Today on City’s Finances
The city’s long-term financial status will be the topic of a public session preceding today’s City Council meeting.
The council will meet at 6:30 p.m. to discuss the city’s fiscal future and the budgetary effect of Proposition 218, approved overwhelmingly by voters in November. The measure limits cities in raising revenue.
San Clemente officials project that the proposition will cost the city as much as $2.8 million a year, or about 13% of its general fund budget, which is now collected through special districts that maintain street lighting, beaches and parks.
The city’s fiscal picture “looks absolutely great until you factor in the impact of Prop. 218,” said Paul Gudgeirsson, director of finance and administrative services.
City officials are exploring ways to offset the effects of the measure. They are also considering the possibility of putting a tax measure on the June ballot.
The regular council session is set for 7 p.m. Both meetings will be in council chambers, 100 Avenida Presidio.
For information, call (714) 361-8200.
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