The Beverly Hills City Council heard its first update since January on the city’s battered finances. In the span of a year, the city has weathered a pandemic, unprecedented civil unrest, and a contentious election season, all adding up to a budget deficit of $12.8 million. Still, though, the city has reason for hope.
“All things considered, we find ourselves in a bit of a better position than anticipated, and some reason for guarded optimism on signs of recovery,” Director of Finance Jeff Muir said at the March 16 Study Session.
