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|Anaheim Mayor And City Council Adopt Balanced Budget For FY 2011/12 Without Tapping Reserves|
ANAHEIM, CA - (June 15, 2011) - A balanced budget for Fiscal Year 2011/12 was adopted tonight by the Anaheim City Council, and the new $1.4 billion budget will go into effect beginning July 1, 2011, without drawing on City reserves.
“I am pleased to announce the City of Anaheim’s budget for 2011/12 will be balanced, as voted unanimously by my council colleagues and myself at tonight’s City Council meeting,” said Anaheim Mayor Tom Tait. “Our priority is to serve the citizens of Anaheim and to provide essential city services within our means. We will do this without reducing our City’s reserves. I would like to commend City staff for preparing this budget to bring before the City Council.”
The City’s budget will reflect revenue matching expenses, while maintaining $14.7 million, or 6.5%, in reserves. The City will continue to provide quality core services as well as continue to move forward with capital improvement projects, including the Anaheim Regional Transportation Intermodal Center (with funding from the Orange County Transportation Authority), the renovation of the Packing House in Downtown Anaheim, the development of Miraloma Park and Community Center, as well the Anaheim Convention Center Grand Plaza.
The City’s FY 2011/12 General Fund budget reflects a 10% decrease, or $14 million in reductions from FY 2010/11. Operational efficiencies, cost containment as well as a decrease in staffing levels through attrition, contributed to the overall savings.
For detailed information about the City of Anaheim budget, please visit www.anaheim.net, keyword Finance.
Media Contact: Ruth Ruiz 714.765.5060more city news
ABOUT ANAHEIM – The City of Anaheim, founded in 1857, is one of the nation's premier municipalities and is one of California's most populous cities. Anaheim covers 50 square miles with more than 343,000 residents and more than 2,950 City employees. The municipal corporation's annual budget is $1.5 billion. Anaheim supports a thriving business community with companies such as Carl Karcher Enterprises, Inc., L-3 Communications, Pacific Sunwear, and Disneyland Resort. Successful sports franchises call Anaheim home, including Angels Baseball, Anaheim Ducks, the U.S. Men's National Volleyball Team, the 2012 Olympic Games Silver Medal winning U.S. Women's National Volleyball Team, and the Professional Arena Soccer League Anaheim Bolts. Anaheim also boasts world-class meeting and entertainment venues with the Anaheim Convention Center, LEED-certified and the largest on the west coast, Honda Center, City National Grove of Anaheim, Anaheim GardenWalk, and Angel Stadium of Anaheim. In addition, Anaheim embraces its vibrant cultural arts community, including the world-renowned Anaheim Ballet. Annually, Anaheim welcomes millions of visitors to the city, truly making it where the world comes to live, work and play. For more information, please visit www.anaheim.net.
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