Beverly Hills City Council Considers Capital Improvement Budget
Posted Thursday, July 30, 2020 - 7:35 pm
By Ana Figueroa
The economic downturn wrought by the Covid-19 pandemic has taken a toll on City operations, and the Capital Improvement Projects (CIP) Budget is one notable victim. While the City continues to pursue projects deemed critical to infrastructure, it has also identified areas for cuts and adjustments to the budget. Those issues will be taken up at the regular City Council meeting on Aug. 4, when the Council discusses the proposed 2020/21 CIP Budget.
The Council’s COVID-19 Budget Ad Hoc Committee has identified $24.4 million in CIP funds which could be reduced in FY 2019/20. Those reductions will enable a transfer of $6 million from the Infrastructure Fund to the General Fund in the FY 2020/21 operating budget. The remaining amount is proposed as a carry-over to help fund the five-year CIP plan.
For full story see the print edition of The Beverly Hills Courier, or download the e-edition.