Santa Clara offers to balance budget with funds for rainy days – Santa Clara news online
By Robert Haugh
City council began its budget process last night. Another hearing will take place on June 8.
And the budget is expected to pass on June 22.
The proposed budget spending for FY 2021-2022 is approximately $ 1 billion. This is a reduction of 15.5% compared to the budget adopted for the 2020/21 financial year.
The city’s revenue has been hit hard due to the COVID-19 pandemic.
Fortunately, about $ 26 million in federal stimulus funding will fill a large chunk of the budget.
The City will use two rainy day funds to fill the remaining gaps.
$ 15.6 million will come from the budget stabilization reserve.
And $ 3.2 million will come from the land sale reserve.
Between the proposed budget and the decisions made six months ago, 550 part-time or as-needed employees will be eliminated from the City and 57.5 full-time positions will be eliminated.
As expected, the meeting dragged on late. It’s a bad habit for this new city council. But last night it was the deputy mayor Raj chahal who wasted a lot of time regurgitating a debate and information from last year about the choice of garbage contracts.
We will have to report on other items in the coming days.