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The city of Newport Beach recently approved its $309.1-million budget for the upcoming fiscal year, set to begin July 1.
Members of the City Council got a first look at the proposed budget at a study session on May 25, and all proposed revisions were wrapped into the budget presented on June 8. The $309.1 million accounts for City Manager Grace Leung’s operating budget for the city. The capital improvement program budget is $35.5 million.
About $195.9 million in capital spending over the next six years will be earmarked for projects like street and roadway maintenance, beach improvements and storm drains. Current budget proposals are projected based off of the assumption that some resources will improve over the next year, albeit not to pre-pandemic levels.
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