|Rohnert Park reports first balanced budget in years
The Rohnert Park City Council at its meeting on Tuesday, June 10, adopted a balanced general fund budget for Fiscal Year 2014-15.
“This balanced budget reflects the city’s commitment to fiscal responsibility, holding the line on spending while making the most of the $3.6 million in sales taxes approved by our residents with Measures E and A,” RP Mayor Joe Callinan said. “The fiscal policies adopted by the city council in 2011 and June 2012 are having the positive effect intended and it is great to see that Rohnert Park made progress in turning our financial situation around.
The FY 14-15 budget includes $98.1 million for the city’s general fund, special revenue, capital projects, internal service, and enterprise funds, such as water and sewer services. The $32 million general fund budget, which provides the council with the most discretion in spending, is expected to add to the city’s reserves for the third year in a row.
Callinan added, “While I’m happy to see progress, we all realize that our unfunded liabilities continue to grow and present significant challenges. The city council is committed to addressing the increasing costs of pensions, health care, and deferred maintenance, and has directed staff to return with a plan for long-term financial sustainability.”