Page 6 - 2023-25 Citizen's Guide to the Moreno Valley Budget
P. 6

BUDGET


                   HIGHLIGHTS







        While maintaining strong budgetary discipline, the FYs 2023/24 – 2024/25 budget advances key Momentum MoVal initiatives
        in alignment with operational and strategic priorities such as those listed below:






                                   Economic Development is part of the foundation to future growth for the City and services for
                                   the public.  As such, we will continue to invest into attracting business to the City, creating new
       ECONOMIC                    jobs, and maintaining the quality of life in our community.  Budget accomplishments include:
       DEVELOPMENT                    • Maintain Economic Development Team efforts to attract, retain, and grow businesses

                                      • Continue marketing and outreach efforts
                                      • Fund the Business & Employment Resource Center (BERC), which is designated as an
                                        America’s Job Center of California
                                      • Provide Economic and Community Development staff support








                                   The City continues to invest in the infrastructure with a strong emphasis on streets, while living
                                   within our means. The City’s last pavement condition index (PCI) was completed in 2018. The
                                   overall pavement rating for all of the City maintained streets was 66, which is categorized as
                                   “Fair”.  However, almost 30% of the City’s streets are rated “Poor” or “Very Poor” having a PCI of
                                   49 or less.  Staff recommends that the City address road repairs before conditions worsen and
                                   become more expensive to address. Budget accomplishments include:

                                      • Program more than $65.4 million of restricted funds over the next two years to fund and
        INFRASTRUCTURE                  maintain infrastructure
                                      • Direct $5.0 million allocated for annual street maintenance
                                      • Additional $5.6 million from capital project fund investment in pavement rehabilitation
                                        each year of this two-year budget
                                      • Deliver Capital Improvement Projects (CIP) - $97.8 million of improvements
                                      • Complete Vehicle/Fleet replacement
                                      • Maintain existing facilities











                                   A central objective in the City’s Momentum MoVal Strategic plan is to expand library services
                                   to meet the needs of our growing City.  Budget accomplishments include:

        LIBRARY                       • Pursue design phase of main library renovation (ADA improvements)
                                      • Increase broadband connections to better serve customers (WiFi and mobile hotspots)
                                      • Provide access to emerging technologies at the libraries (STEAM-based literacy, career
                                        advancement, and personal enrichment)




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