Money & Key

Adelanto Passes Cash-Positive $20.6M Spending Plan

According to the Victorville Daily Press, June 29, 2018, the City Council approved a projected $20.6 million draft spending plan for the new fiscal year, buoyed by the anticipated $1 million sale of its public works yard, that calls for a $1.1 million surplus. Mayor Rich Kerr views the sale of the public works yard, property that is located within a cannabis zone, as both a short- and long-term benefit when factoring in future tax revenues from operations. The biggest spending increases were for public safety, personnel costs and the management change at Adelanto Stadium, according to acting City Manager Brad Letner. The draft budget incorporated 2 percent cost-of-living salary increases to qualified staff across the board. Slight bumps are expected to income for sales, property and franchise taxes, according to the city’s budget documents, while Measure R tax — the voter-approved measure to collect from commercial cannabis — is estimated to yield $2 million this coming fiscal year. Beyond the General Fund, the city’s total budget also calls for $5 million in capital improvement projects, bankrolled by special revenue funds, to upgrade pedestrian and motor vehicle pathways throughout the city and water rights purchases to reduce costs in buying from other agencies.

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