Tag: Surplus Budget

Bilingual report — City of Oxnard Adopts Surplus Budget; Will Use $20M of Surplus To Pay Down Long-Term Debt and $9.5M to Bolster Reserve Fund

“Thanks to the policy direction of our Council and the hard work of City staff, we’re delivering a positive, balanced budget that will continue the restoration of infrastructure such as paving our streets and alleys and investing in community services throughout Oxnard,” said Mayor John C. Zaragoza. “We’re also supporting Oxnard’s long-term financial sustainability by using one-time surplus funds to make a significant payment towards long-term debt.”