Council Set to Consider Budget for 2012-13 Fiscal Year

The Fountain Valley City Council will decide Tuesday night at its regular meeting whether to adopt the city's $36 million general fund budget for the 2012-13 fiscal year.

The council has held two study sessions regarding the budget in the past month, the second of which focused on the . The total budget for public improvements sits at about $7 million, with $6.9 million in expenditures planned for the upcoming year. About $2 million of that will come from the gas tax fund and will be used for residential roadway rehabilitation during the summer of 2013. The city will also spend about $1.4 million on pavement resurfacing and $1.3 million on water and sewer improvements.

The city's budget also includes about $40 for its successor agency, which is responsible for tying up any loose ends between the city and its now-dissolved redevelopment agency. About $31 million of that is money being transferred to the state, which the city has affectionately referred to as a "ransom" and "extortion."

The city has also budgeted about $3.1 million to its housing authority, established in anticipation of the decision to eliminate RDAs so that the city could maintain funding for low-income housing projects.

In a study session before its regular meeting, the council will also discuss the proposed .