Redondo Beach city revenue up 3%, spending down 2%

Redondo Beach city revenue up 3%, spending down 2%

by Garth Meyer Redondo Beach city revenue was up 3% over estimates for fiscal year 2024-25, and spending down two percent.  At the start of the current fiscal year, the council tapped $3.5 million from the city’s pension reserve to balance the budget, city finance director Stephanie Meyer noted in a Feb. 17 budget analysis presented to the city council. “Overall, greater revenue than anticipated in ‘24-’25, and lower spending than anticipated,” …