Roseville’s fiscal position has improved since the recession. However, the City is not immune from slowing revenue growth and increasing expenses faced by cities throughout California. Deferred maintenance, along with increasing operational and retirement costs, have added pressure on our ability to maintain current service levels with projected revenue streams.
The City was able to maintain service levels during the recession by deferring millions of dollars’ worth of capital improvements and maintenance, borrowing from reserves, and lowering payments to key funds such as workers’ compensation and retiree health. As the economy recovered, the Council adopted policies to ensure that future revenues are allocated to move towards fully funding these obligations.View Full Article