Costa Mesa’s draft budget has increased capital spending
Following a push by the City Council to heavily invest in infrastructure, the Costa Mesa Finance Department presented an early draft budget Tuesday that doubles capital improvement spending but also shows a slight deficit.
“We see this as a very preliminary document,” city CEO Tom Hatch told the council. “We will come up with a balanced budget.”
Currently, the proposal relies on reserves to close the gap.
The city budget grew by 15.2% compared with last year, with the “lion’s share” aimed at the city’s infrastructure, Finance Director Bobby Young said.
Young proposed more than $20 million in capital improvement work — a 92% leap from last year, with more than half coming from the countywide Measure M bond, gas taxes and other funds. The rest, about $6.7 million or so in the city’s capital improvement fund, is more flexible and is designated for infrastructure projects.
–Joseph Serna, @JosephSerna, Daily Pilot
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