The city of Chino Hills is facing a $2.2 million budget shortfall this fiscal year that will require the use of the reserve funds to maintain essential services, and projected deficits could reduce reserves by nearly half over the next five years, officials announced Thursday.
Before drawing on reserve funds, officials have “taken many steps to proactively reduce costs wherever possible and maximize available resources over the last few years,” according to a city statement. “While the city remains financially stable overall, this deficit signifies a need for strategic long-term revenue planning.”
The 2025-26 budget totals $147.9 million in projected revenues, with spending at $150 million across all of the city’s funds. The General Fund pays the costs of essential services including public safety, infrastructure maintenance, recreation programs and special events. Its revenues are projected at $56.4 million, with expenditures at $58.6 million…