June 19, 2013 12:04 PM
Rene De La Cruz, Staff Writer
HESPERIA • The Gateway City to the High Desert will have an emptier wallet as it enters the new fiscal year, but there’s no panic at City Hall.
The Hesperia City Council unanimously approved its 2013-14 budget during Tuesday night’s meeting and revealed an expected 14 percent decrease in revenue with a 20 percent decrease in expenditures.
The city’s new budget is $78.8 million, down from $98.4 million in 2012-13, which can be attributed to the completion or near completion of major capital improvement projects such as the Ranchero Underpass and the Public Safety Operations Center.
Funding for capital improvement projects was estimated to be $14.4 million, said Rachel Molina, spokeswoman for the city.
Despite the city’s expected lower revenue, the total general fund revenue for the new budget is $23.1 million, an increase of $1.7 million over 2012-13, the city’s fourth straight year of increase.
The city’s general fund and water district budgets are balanced with a surplus above the 10 percent reserve level.
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