Manhattan Beach In The Black

The City of Manhattan Beach’s financial forecast is looking up, with its main revenue sources performing better than expected at mid fiscal year. The city is projected to finish with a $2.4 million surplus at the end of the 2011-12 fiscal year in June and maintain its 20 percent policy reserve and $4 million economic uncertainty reserve.  The City Finance Director will present the 2012-13 budget to the city council at its May 15 meeting, and following two weeks of study sessions, the budget will be adopted at the June 5 city council meeting.  Read the details in an article in Beach Reporter: Click Here