Folsom City Council Adopts Balanced Budget

Following an annual process of evaluating the city’s fiscal health, community priorities, infrastructure needs, and daily operations, the Folsom City Council unanimously approved a $209 million balanced budget for Fiscal Year 2019-20 that takes effect July 1. The budget represents a $3.3 million increase over last year’s adopted budget, and reflects steady growth in the economy and an increase in the city’s major revenue sources.

The city is projected to finished Fiscal Year 2018-19 with a surplus, marking the eighth consecutive year of adding significant savings to a rainy day fund. This budget preserves and enhances the fundamental priorities of the community and maintains a sustainable budget that addresses the city’s priority programmatic needs. The budget includes an operating budget for day-to-day city programs and services and a capital improvement program which funds public construction projects and infrastructure. The spending plan includes:

 

  • Green Valley Road widening 
  • Street resurfacing and drainage improvements
  • Upgrades at the water treatment plant
  • Davies Park improvements, including a new streetscape, parking lot, and baseball field
  • Livermore Community Park improvements, including trail connections, walkways, drainage systems, and a new parking lot
  • Benevento Family Park design, and partial funding reserved for future construction
  • Fire Station 38 renovation and modernization
  • One new replacement fire engine
  • Ten new replacement police department vehicles
  • Expanded intelligent transportation systems technology 

The budget is available on the city’s website. For more information contact Budget Manager Terri Hemley at themley@folsom.ca.us or 916-461-6083.