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Pasadena In Focus
Jan - Feb 2012

Budget Update

As Pasadena residents, businesses and institutions begin the new calendar year, city staff are busy preparing the annual budget for Fiscal Year 2013, which will begin July 1, 2012. Since FY 2009 we have been addressing the most unprecedented fiscal downturn in the national economy since the Great Depression and are on track in reducing more than $150 million in cumulative costs between FY 2009 and FY 2016.

The good news is that revenues are no longer declining, although they are still below expected levels. Sales tax revenues, for example, are at a level not seen since FY 2002.

FY 2013 will be another tight year as we continue to cut costs while avoiding as many service impacts as possible, although some will be inevitable. We are mindful of community expectations as well as the city’s mission to deliver exemplary municipal services.

To that end, on Nov. 28, 2011, the Pasadena City Council took additional actions to reduce expenditures and enhance one-time revenues by a combined $4.2 million for the current fiscal year. The city council also directed staff to further review other cost reductions, methods to enhance existing revenues and possible new sources of revenue for the FY 2013 budget.

More information is available at www.cityofpasadena.net/finance or by calling 744-4355.