Hermosa midyear budget review provides upcoming warnings

Hermosa midyear budget review provides upcoming warnings

by Laura Garber  Hermosa Beach is burning through one-time reserve funds to balance its budget, and city staff warned Tuesday night that the practice is not sustainable as the city heads into an increasingly difficult fiscal environment. The City Council approved the fiscal year 2025-26 mid-year budget review 5-0 at its March 24 meeting, following a presentation by Finance Manager Henry Chao that laid bare a widening gap between what the city sp…