Oxnard City Council Holds Budget Workshops
Oxnard, California. On Monday, the Oxnard City Council held the first of two special budget workshops to consider the city manager’s recommended new budget. The proposed budget for fiscal year 2017-18 totals $414 million. This is an increase of roughly $35 million or 9% from the current year budget. If approved by the City Council, the new financial plan will take effect July 1, 2017.
The new budget balances revenues and expenditures but relies on a minimal $200,000 of General Fund reserves for one-time expenses. It maintains current levels of city services and recommends budget augmentations for Police, Fire, Development Services and the Office of the Treasurer.
“I am pleased to present a good, solid budget to the city council that increases public safety services and begins to make much needed improvements to our roads and facilities,” said City Manager Greg Nyhoff. “The city has turned the corner financially and we are on the road to financial recovery and stability. The Council has made some tough decisions that will prove of great benefit for our community” he added.
The recommended budget also implements new water, wastewater and solid waste rates. The new rates will fund operations, capital improvements, equipment and augment financial reserves.
The second budget workshop is scheduled for Wednesday, June 7, 2017 at 1:00 p.m. in the City Council Chambers, 305 West Third Street, Oxnard, CA 93030.
A public hearing on the budget is also scheduled for Tuesday, June 13, 2017 at 6:15 p.m. as part of the regular city council meeting. Final ratification of the new budget will take place on Tuesday, June 20, 2017.