Capitola City Council hold first budget hearing, aims to adopt budget by June 26

Capitola City Council hold first budget hearing, aims to adopt budget by June 26

CAPITOLA, Calif. (KION-TV) - On Thursday night, Capitola City Council held their first budget hearing for the upcoming fiscal year at a special meeting. While Capitola's current budget is balanced, financial forecasts indicate it will start to become unbalanced two years from now, mostly due to unpredictable costs from CalPers. Some of the key revenue sources include new measures like Measures Y, Q, and S. The city seeing an increase in revenue …