The City has approved a two-year balanced budget in June of this year. Despite continued takeaways of local funds by the State and increased costs for services provided by Riverside County. The City's budget is fully balanced. It represents ongoing investments in the City’s future while maintaining the award-winning sound fiscal stewardship and conservative safeguards, which have elevated Moreno Valley to become one of the most fiscally fit cities in the Nation.
Moreno Valley's adopted General Fund budget for 2019/2020 totals $112.9 million. The spending plan includes $32.4 million in capital improvements to ensure the repair and replacement of aging local infrastructure within our current financial capabilities.
This budget is based on the principles of Momentum MoVal, a strategic plan developed by the City Council to ensure that community priorities are reflected in planning decisions. The City will continue active outreach to assess community priorities into the future.
Through keen financial management, the City will continue to focus on financial stability and community quality of life, despite state and federal policies that potentially affect the funding Moreno Valley and other California cities receive.