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The original item was published from 7/20/2016 8:15:55 AM to 8/21/2016 12:00:01 AM.

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Fountain Valley News

Posted on: July 20, 2016

[ARCHIVED] Fountain Valley to Place Funding Measure on November Ballot

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According to Fountain Valley budget documents, the City will be insolvent by the year 2021. Factors that have contributed to the current fiscal crisis are Sacramento’s practice of raiding local governments to balance the state budget, the Great Recession’s impact on the housing markets and business development, and increased regulations which drive up construction costs.

For more information regarding Fountain Valley’s 2016 – 2017 budget, please visit www.fountainvalley.org.

The 2016 general election will be held on Tuesday, November 8th.

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