Town Of Moraga

FY2016-17 Operating and CIP Budgets Approved by Council

The Town Council adopted the Fiscal Year 2016/17 budget, which defines the Town’s spending authority for the period of July 1, 2016 to June 30, 2017. It includes $8.1 million for operations and $6.7 million for capital projects. The adopted budget reflects the Town’s prudent financial values and is structurally balanced. Recognizing the significant cost to repair the large sinkhole at Rheem Blvd. and Center Street, currently estimated at $3.3 million, the Council deferred funding decisions on several capital projects until the mid-year budget review when more information will be known about the status of any potential emergency funding assistance from the State.

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