Ontario Passes A $633 Million Balanced Budget for 2019-2020
On Monday, June 24, 2019 the Mayor and City Council approved its operating budget for the City of Ontario and the Ontario Housing Authority for Fiscal Year 2019-2020. The overall budget of $633,915,665 was balanced without the use of any reserves and will maintain funding to support the high quality of municipal services.
“The City of Ontario has once again maintained its fiscal responsibility to the community and brought forward a balanced budget that meets the needs of our residents and businesses,” said Mayor Paul Leon. “We have committed time and again to be responsible to our constituents and provide to the people of Ontario a stable, safe and healthy community.”
The Fiscal Year 2019-20 Operating Budget is consistent with the Mayor and City Council’s Strategic Goals:
- Invest in the Growth and Evolution of the City’s Economy
- Maintain the Current High Level of Public Safety
- Operate in a Businesslike Manner
- Pursue City’s Goals and Objectives by Working with Other Governmental Agencies
- Focus Resources in Ontario’s Commercial and Residential Neighborhoods
- Invest in the City’s Infrastructure (Water, Streets, Sewers, Parks, Storm Drains and Public Facilities)
- Encourage, Provide or Support Enhanced Recreational, Educational, Cultural and Healthy City Programs, Policies and Activities
- Ensure the Development of a Well Planned, Balanced, and Self-Sustaining Community in Ontario Ranch
The City of Ontario’s Operating Budget for Fiscal Year 2019-20 includes $275,415,470 in the General Fund, $4,301,406 in the General Fund Trust, and $352,489,355 in other funds that consists of Special Revenues, Capital Projects, Enterprise Operations, and Internal Services. The Operating Budget for Fiscal Year 2019-20 for the Ontario Housing Authority is $1,709,434.
The Fiscal Year 2019-20 Operating Budget includes General Fund Revenues of $273,237,994 and reflects an increase of 8.4 percent when compared to Fiscal Year 2018-19 Adopted Budget. This recommended amount reflects projected moderate growth in Sales Tax, Property Tax, Development Related, and Business Tax revenues. The General Fund Expenditures of $275,415,470 is an increase of 8.0 percent.
Ontario’s vibrant economy is reflected by the 11,000 businesses that employ 119,425 workers. The median income for Ontario residents is now $60,000 annually, and unemployment is at a low of 3.4%. Furthering Ontario’s strength is reflected in new auto dealers that have opened at Meredith International Centre, the continued growth at the Ontario Mills Mall and the construction of the first retail center in Ontario Ranch at New Haven.
Ontario’s strong economic future is represented in the Ontario Ranch which has been ranked as the No. 8 master-planned community in the U.S. Affordable housing in and around the downtown, to market-rate housing in the northeast part of town, is making Ontario’s geographic location a strategic advantage for many.
Fiscal Year 2019-20 Budget Highlights
- The Ontario City Library will be rolling out an Early Literacy Campaign to address the needs of the community in partnering with Ontario area school districts.
- Recreation & Community Services has launched a mentorship program through the Ontario Youth Activities League to pair middle school-aged youth with mentors in the community centered on activities and excursions.
- The establishment, as part of the Transformative Climate Communities Grant, of a Satellite Workforce Services Office in the Ovitt Library to provide job training and placement assistance for Ontario residents.
- Participation in the planning for the construction of an Ontario Campus on Euclid Avenue with Chaffey College.
- A new Community Benefits District to promote property ownership participation in the improvement of Downtown Euclid.
- Over $109 million of investments alongside private/non-profit developers for New Affordable Housing. Two new rental housing projects, Emporia Place and Vista Verde Apartments, are expected to be completed by Fall 2020.
- The construction of a New Fire Station No. 9 to support the continued growth and development in the Ontario Ranch area.
- The replacement of one Police Helicopter to provide citywide aerial protection with up-to-date law enforcement air support technology.
- Construction to start in January 2020 for the SR-60 Freeway and Archibald Avenue Improvement Project. The $18.5 million project consists of widening Archibald Avenue under the SR-60 Freeway for the relief of traffic congestion.
- Utilizing various funding sources, including SB 1 funds, $7.7 million for street pavement rehabilitation and traffic signage projects to ensure city streets are of the highest possible quality.