City of Folsom – Fiscal Focus Budget Matters
City of Folsom Newsletter | Fiscal Focus Edition September-October 2024
"The City of Folsom provides public services and facilities that help maintain and enhance Folsom’s high quality of life. Every day, city employees work hard to support safe neighborhoods, quality streets and roads, well-maintained parks and trails, recreation facilities and programs for all ages, and more.
The city is facing tough choices in the near future. City leaders are exploring options to address these challenges responsibly and with community support."
Fabulous newsletter with a lot of information!! A must-read!
Page 6: Measure G: Folsom Residents Public Safety and Quality of Life Initiative. Answers to
Frequently Asked Questions.
Stay informed on Folsom’s financial future!
The city is committed to keeping our community informed about financial challenges and addressing any questions regarding the budget. Community members are encouraged to visit the Folsom Focus webpage at Folsom.ca.us/FiscalFocus for more information.
This site will be updated regularly as the city continues a community conversation about budget needs and potential solutions.
City of Folsom: high quality of life, city services, and infrastructure our residents value. Facing a growing financial shortfall that could impact public safety, public services, and the quality of life. Fiscal projections reveal increased challenges.
Read about each of these challenges online: folsom.ca.us/government/city-manager/fiscal-focus-city-of-folsom-budget-matters
The Value of City Services
- Services the City Provides to the Community
- Funding the Services You Use
- The City Receives Only a Small Portion of What You Pay in Taxes
- Where Your Sales Tax Dollars Go
Estimated $20 Million Annual Shortfall
Examples of the Financial Challenges Faced by the City
- Staffing
- Declining Infrastructure
- Lack of Reserve Funds
How Did We Get Here?
- Folsom’s Sales Tax Shortfall
- How the City Has Kept Costs Down
- What Could Happen Without Additional Funding Sources
Source: facebook.com/CityofFolsom
July 29, 2024
City of Folsom – Government
Curious about how your tax dollars are spent? Here’s a breakdown of Folsom’s fiscal year 2024/2025 general fund appropriations. This funding supports essential services, ensuring our community’s safety, recreation, and more. Let’s take a closer look at how these funds are allocated:
- Fire Department: $29,998,190 (26%)
- Police Department: $29,247,396 (25%)
- Parks and Recreation: $19,504,478 (17%)
- General Government: $13,124,235 (11%)
- Public Works: $9,014,427 (8%)
- Community Development: $7,191,463 (6%)
- Other & Debt Service: $8,988,858 (7%)
Source: facebook.com/CityofFolsom
July 24, 2024
City of Folsom – Government
At its May 28 meeting, the Folsom City Council approved Resolution No. 11207 – As required by law, a resolution to formally place the citizen-led Folsom Residents Public Safety and Quality of Life Measure G on the November 2024 ballot to allow Folsom voters to decide on a special sales tax that would fund:
- Police and crime reduction
- Fire, rescue, and emergency medical services
- Parks, recreation facilities, and trails
- Traffic mitigation and environmental water quality
- Community enhancement and economic development
- Major capital improvement projects
View the text of proposed Measure G: https://tinyurl.com/ywdtdthb
Learn more about the November 5 election: www.folsom.ca.us/elections
FAQ: City of Folsom Financial Challenges and Sales Tax Revenue
“The city faces mounting infrastructure and building maintenance needs that lack a dedicated funding source. There is an estimated $20 million annual shortfall in funding for infrastructure improvements, park and facility repairs, equipment maintenance and replacements, trail maintenance and repairs, and staffing needs.
The five-year forecast predicts this structural deficit will grow as the cost of providing services outpaces revenue growth. A multimillion-dollar annual shortfall is projected by 2026.”
Folsom City Council Adopts FY 2024-25 Budget Amid Fiscal Challenges
City Utilizes Emergency “Rainy Day” Reserves to Address Priority Needs
Post Date: 06/27/2024 10:03 a.m.
“Folsom City Council adopted a $247 million operating budget and capital improvement plan for the 2024–25 fiscal year that takes effect July 1. The spending plan maintains essential services in a constrained fiscal environment.”
Fiscal Focus – City of Folsom Budget Matters
FAQ: City of Folsom Financial Challenges and Sales Tax Revenue
“The city faces mounting infrastructure and building maintenance needs that lack a dedicated funding source. There is an estimated $20 million annual shortfall in funding for infrastructure improvements, park and facility repairs, equipment maintenance and replacements, trail maintenance and repairs, and staffing needs.
The five-year forecast predicts this structural deficit will grow as the cost of providing services outpaces revenue growth. A multimillion-dollar annual shortfall is projected by 2026.”
