City of Carson Achieves Historic Milestone with Structurally Balanced Budget and Surplus

The City of Carson has announced a significant achievement in its fiscal management. During the city council meeting June 21, Deputy City Manager, Tarik Rahmani and Senior Budget Analyst, Ralston Turner presented the City of Carson budget public hearing, marking a historic moment for the Carson community.

For the third consecutive year, the City of Carson has achieved a structurally balanced budget. This accomplishment demonstrates its commitment to responsible financial planning and ensures the long-term stability and prosperity of the city.

The budget was passed unanimously by the city council after months of consideration and planning. The financial plan includes a focus on efficient resource allocation, reducing unnecessary expenses, and creating new revenue streams.  The result is a balanced budget that allows the city to continue providing essential services to its residents, while also maintaining a healthy reserve fund for unexpected expenses.

Further, for the first time in the city’s 55-year history, it has achieved a surplus.

The total general fund operating expenditures for fiscal year 2023-2024 are projected to be $120.7 million. This budget reflects the city’s commitment to providing essential services and investing in the future of its community. Looking ahead, the City of Carson has also announced a projected surplus for the next fiscal year.

The City of Carson already has a robust general fund reserve of $108 million, an example of financial management that provides a strong foundation for future growth and unforeseen circumstances.

Mayor Lula Davis-Holmes expressed her enthusiasm for this historic achievement, stating, “I am incredibly proud of our City and the hard work that has gone into achieving a structurally balanced budget and surplus. This milestone is a demonstration to the dedication and commitment of our City Council, staff, as well as the support and cooperation of our community. Together, we are building a stronger and more prosperous future for the City of Carson.”

The city recognized that this achievement would not have been possible without the support and cooperation of its community and residents.