On Tuesday, June 28, the Mountain View City Council unanimously approved a structurally balanced budget for Fiscal Year 2022-23.
The total budgeted appropriations for all funds for Fiscal Year 2022-23 is $471.8 million and $164.8 million for just the General Operating Fund. The City projects to end the year with a $3.5 million surplus. In recent years, the City has experienced strong revenue growth with a larger-than-normal net operating balance that allowed the City to address infrastructure needs and unfunded liabilities. This situation has helped the City to weather revenue losses experienced during the past two fiscal years of the pandemic.
The budget also outlines how the second distribution of American Rescue Plan Act (ARPA) funding—approximately $7.8 million—will be utilized by the City over the coming fiscal year. The purpose of these federal funds is to assist the City and its community to address the negative economic impacts from the pandemic. The City was awarded approximately $15.7 million in direct ARPA funding over two years, which must be fully committed by December 2024 and expended by December 2026.
At the June 28 meeting, the Council also held a public hearing on a recommended trash/recycling/organics rate increase. As of July 1, these rates will go up by 6%. The increase will result in a monthly increase of $2.25 per month for a 32-gallon cart for an average single-family home. The fee change was necessary to continue the operating and financial sustainability of the Solid Waste Fund and the services provided. Water and wastewater rates were also approved to increase by 12% and 8% respectively, due primarily to cost increases of the water supplier and wastewater treatment plant operator.
The City’s new fiscal year begins July 1 and runs through June 30, 2023. For more information about the budget, view the Fiscal Year 2022-23 Recommended Budget Report.
This meeting was also the Council’s last meeting of this fiscal year. The Council is now on recess through the end of August.
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