The City of King has made substantial progress over the past several years in becoming financially solvent. It has come from a $5 million negative General Fund balance to a reserve of over $3 million while addressing a number of other priorities. 2023 was the first time the City had a positive General Fund balance in 20 years.
However, since the City went through such a lengthy financial crisis, there are a number of important needs that have been deferred over a long period of time that are not currently funded. The King City City Council recently approved a draft 12-year plan of the highest priority needs that remain unfunded, which have been identified as street improvements, facility improvements, increased public safety staffing, street and park maintenance staffing and long-term financial stability.
Over the past several months, the City has been undertaking a number of community outreach efforts to educate everyone on the components of the plan. A public hearing has been scheduled at the May 14, 2024 regular City Council meeting at 6:00 p.m. in the City Council Chambers to consider revenue strategy options and any recommended changes to the Unfunded Priority Needs Plan resulting from public input. Everyone is encouraged to attend or join virtually by Zoom at https://bit.ly/3e0zvaR. Spanish translation will be provided.
To learn more about the King City Unfunded Priority Needs Plan, please view the educational video at https://vimeo.com/themarketingdepartment/kingcitypriorityneeds.
You may contact 831-385-3281 if you can any questions.
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