10:00 PM PDT on Monday, May 24, 2010
The Riverside City Council will hold a public hearing and vote today on the 2010-11 budget, which includes $194.7 million in general fund spending and an array of capital projects such as libraries and improvements to the ramps and overpass at Van Buren Avenue and Highway 91.
The new budget spends about 1.5 percent less than what officials planned to spend this year. Revenues from property and sales taxes are projected to continue declining, but officials said some departments already have begun saving money by not filling vacant positions.
The Riverside Renaissance public works package would continue in the new fiscal year, with budgeted capital projects including the Arlington Heights Sports Park and relocation of the Marcy Library.
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