Dana Point’s 2018-2019 budget will be discussed at the city council meeting on Tuesday, June 20th at 6:00 PM at the City Hall. In this budget, the City’s total spending is projected to continue to exceed its income in each of the next two years. To be fiscally responsible, the City Council must find ways to increase efficiency and reduce spending.
The graph shows how much of the city’s available cash has been spent since 2008 when there was approximately $55 million available. The budget shows that spendable cash has already been reduced to about $20 million.
If the budget and associated plan is approved as currently presented, it projects that spendable cash will be further reduced to approximately $10 million in five years. Besides city expenditures, that amount must also accommodate emergencies or the possibility of receiving less than the projected income. Without a budget surplus, capital improvements are limited almost exclusively to needed road or sewer repairs.
Please attend the meeting or write the council members to urge them to find ways to responsibly reduce costs and protect the financial future of the City. Write c/o Kward@danapoint.org