Cerritos Adopts $152 Million Budget, Taps $10.6 Million in Reserves as Fiscal Pressures Mount
General Fund reserves could be depleted within six years as officials approve service reductions, facility closures and deferred infrastructure projects
CERRITOS — The Cerritos City Council unanimously adopted a $152 million Fiscal Year 2026-27 budget Monday that relies on a $10.6 million draw from General Fund reserves to balance spending, while warning that reserves could be depleted within six years if new revenues are not generated or additional service reductions are not made…