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HomeMy WebLinkAboutItem No. 02 - PresentationMeasure Z Citizen Committee Meeting Wednesday, May 28, 2025 FISCAL YEAR 2025-26 MEASURE Z BUDGET CITY’S BUDGET PROCESS 1.Departments Submits Budget & CIP Requests – Feb. 28 2.Executive Staff Review Requests & Conduct Budget Hearings with Departments – Starting April 24 3.Draft Budget Reviewed by Budget Subcommittee – May 7 4.Planning Commission Public Hearing – June 3 5.Formal Adoption by City Council – June 24 STEPS TO IDENTIFY SPENDING 1.Evaluate Prior Year Spending 2.Identify Projected Revenues in Each Funding Account 3.Align Spending with City Council’s Spending Priorities, Our Vision and the Dream Extreme 2040 Plan 4.Evaluate Planned Capital Projects and Emerging Community Needs 5.Budget is Always Evolving to Meet Needs of City and Community Community Spending Priorities •Provide quick responses to 911 emergencies •Address Homelessness •Fix streets and repair potholes •Keep public areas clean, healthy, and free of graffiti •Provide law enforcement services including neighborhood patrols, crime prevention, investigations •Make improvements to Lake Elsinore’s water quality, beaches, and recreational amenities •Prepare for public health emergencies, wildfires, natural disasters, and other large-scale emergencies •Improve economic development and attract new employers and businesses to Lake Elsinore •Revitalize outdated commercial areas of the City •Expand and improve network of trails and bike lanes •Build a new library KEY CONSIDERATIONS CAPITAL IMPROVEMENT BUDGET •Updated and adopted every year for five years. •Outlines all City capital projects currently planned including infrastructure, roads, parks, facilities, lake and more. •Provides detailed information regarding funding sources and project description. •Projects can be unfunded, partially funded or fully funded. 2025-26 MEASURE Z BUDGET Capital Projects $14,015,918 Police Services $4,719,750 Fire Services $3.252.590 Homeless $2,815,040 Planning $700,000 Lake Management $700,000 Emergency Services $445,540 Animal Services $290,000 Engineering $150,600 Total Expenditures $27,089,438 FUNDS AVAILABLE: $27.1 MILLION FY 25-26 MEASURE Z PROJECTS Amphitheater Annual Citywide Sidewalk Survey & Improvements Auto Center Drive Bridget Retrofit Broadway Tract Paving Downtown Main Street Parking and Landscape Improvements Electric Vehicle Charging Stations I-15/Franklin Street Interchange Improvements I-15/Main Street Interchange Landscape Improvements Mountain & Avocado Way Tract Paving Rehab Murrieta Creek Regional Trail Connection Railroad Canyon Road Safety Improvements Spring Street Sidewalk Terra Cotta Road Street Improvements CLOSING COMMENTS Open discussion for questions and suggestions. City Staff Contacts: Brendan Rafferty, Asst. Admin Srvcs. Director, brafferty@lake-elsinore.org Shannon Buckley, Assistant City Manager, sbuckley@lake-elsinore.org