City manager shares early budget forecast
City manager shares early budget forecast
Source: The Signal
Date: 02/02/2026 4:42pm
Article Summary:
"Santa Clarita City Manager Forecasts Stable Growth in 2026 Budget Preview"
Santa Clarita City Manager Ken Striplin has provided an early budget forecast for the 2026-27 fiscal year, anticipating steady economic growth with projected city revenues of $154.8 million and expenditures of $154.5 million. While sales tax revenue is expected to remain flat, the local job market has seen a 4% increase, and several construction projects are underway, although challenges such as stagnant housing market conditions and a significant drop in local filming revenue persist. Striplin noted that inflation is expected to stabilize, with the Federal Reserve likely to implement quarterly rate cuts this year.
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Date: 02/02/2026 4:42pm
Article Summary:
"Santa Clarita City Manager Forecasts Stable Growth in 2026 Budget Preview"
Santa Clarita City Manager Ken Striplin has provided an early budget forecast for the 2026-27 fiscal year, anticipating steady economic growth with projected city revenues of $154.8 million and expenditures of $154.5 million. While sales tax revenue is expected to remain flat, the local job market has seen a 4% increase, and several construction projects are underway, although challenges such as stagnant housing market conditions and a significant drop in local filming revenue persist. Striplin noted that inflation is expected to stabilize, with the Federal Reserve likely to implement quarterly rate cuts this year.
Read article here »