In a May 21 Study Session meeting, City Council members voiced their support for the proposed Fiscal Year 2024 to 2025 budget, while also discussing the need to prepare Beverly Hills to meet the financial challenges of the future.
Beverly Hills’ immediate financial forecast is sunny, allowing staff to present a balanced $643 million budget that includes additional funding for police officers, the Public Works Department and capital improvement projects. But fiscal rain clouds loom on the horizon and city expenditures are projected to exceed revenues in future budget cycles.
