TUSTIN – The City Council reviewed Tustin’s first two-year budget last week, with funds expected to be tight but balanced for the 2015-16 and 2016-17 fiscal years.
“The city’s financial situation is in good standing,” City Manager Jeff Parker assured the council.
Conditions have definitely improved since the end of the recession, Parker noted, with tax revenues and business activity expected to be up the next two years. That means Tustin will be able to boost reserves slightly, to 38 percent, and staff won’t have to reduce core city services as it did several years ago.
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