Form 2350 for Burbank California 2024-2025

Form 2350 for Burbank California: What You Should Know

And general obligation bond obligations (1.4%) are estimated to increase by an additional 1.1% and 6.3M, respectively, over the revised estimates. The forecasted revenue and operating expenditure increase of 8.1M, or 1 percent, is a result largely of additional sales tax revenue due to the increase in the consumer price index. Apr 21, 2025 — Burbank's general fund operating budget projections for FY 2022-23 represent a 4.8% increase over the revised FY 2021-22 projections. The general fund operating budget increases of 2.9M are attributable to the following: (1) A reduction in operations because of a reduction in the number of full-time equivalents for the Police Department as a result of a reorganization plan for the Police Department, the retirement of a number of police personnel, the creation of a new police reserve and new management positions. (2) The inclusion of new personnel costs to complete the Police Department's modernization plan. Other major increases include: (3) The implementation of a new payroll system for the Police Department. (4) Increased benefits costs for health services, including hospitalization and emergency health services. (5) A new Police Employee Compensation Plan implemented to reduce the cost to the Department. The new plan increases total compensation costs, but decreases the cost per employee compared to the previous plan. Jun 2025 — Burbank is among the 50 cities surveyed to participate in the U.S. government's “Real Time Job Tracker” (RTL). Burbank was one of the two California communities to have a positive impact on the numbers of job openings, with 1,400 new jobs created (to fill 7,500 open positions). Over the past two years, the city has seen a reduction in new construction jobs to 1,300, a decrease of 9 percent, and a 16.7 percent decrease in jobs from construction occupations.  Apr 21, 2025 — Burbank's General Fund recurrent revenue estimates for FY 2022-23 represent a 4.9% increase over the revised FY 2021-22 projections. Sales tax (4%), general fund operating budget (2.6%) and general obligation bond obligations (2.9%) are estimated to increase by an additional 2.4% and 14.4M, respectively, over the revised estimates. The forecasted revenue and operating expenditure increase of 3.

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