The city is on track to meet a $1.2 million surplus for FY 2023-24. This is in addition to the $88 million it had already accumulated over the last several years, he said.
The city is on track to meet a $1.2 million surplus for FY 2023-24. This is in addition to the $88 million it had already accumulated over the last several years, he said.
Menlo Park is facing a nearly $1 million deficit in its annual budget for the coming fiscal year, thanks in part to a lawsuit over its utility tax and the need to staff up the new community center in the Belle Haven neighborhood.
Given that the city has an $88 million surplus at its disposal, city officials were more flexible Tuesday as they discussed a proposed budget for next year.
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