Sidewalk repair, a trash barge and more parking tickets: An overview of Long Beach’s proposed 2025 budget
The city is facing a potential deficit of up to $61.5 million over the next five years.
Long Beach’s proposed budget for fiscal year 2025 is relatively status quo, with no major reductions or new programs, but it includes a few new items in the total $3.6 billion package.
For city leaders, not making cuts is good news, since they’re facing a potential deficit of up to $61.5 million over the next five years as they deal with the end of federal pandemic aid money and diminishing oil revenue.
Officials said Thursday they’ve reduced the current budget gap to about $20.3 million and hope to shrink it further by 2026. They’re looking at a variety of ways to increase revenue, including selling ads on city vehicles, a planned new concert venue on the city’s waterfront, and a possible tax measure on the November ballot (which would not directly affect Long Beach residents).
