Page 6 - 2023-25 Citizen's Guide to the Moreno Valley Budget

BUDGET

HIGHLIGHTS

While maintaining strong budgetary discipline, the FYs 2023/24 – 2024/25 budget advances key Momentum MoVal initiatives
in alignment with operational and strategic priorities such as those listed below:

Economic Development is part of the foundation to future growth for the City and services for
the public. As such, we will continue to invest into attracting business to the City, creating new
ECONOMIC jobs, and maintaining the quality of life in our community. Budget accomplishments include:
DEVELOPMENT • Maintain Economic Development Team efforts to attract, retain, and grow businesses

• Continue marketing and outreach efforts
• Fund the Business & Employment Resource Center (BERC), which is designated as an
America’s Job Center of California
• Provide Economic and Community Development staff support

The City continues to invest in the infrastructure with a strong emphasis on streets, while living
within our means. The City’s last pavement condition index (PCI) was completed in 2018. The
overall pavement rating for all of the City maintained streets was 66, which is categorized as
“Fair”. However, almost 30% of the City’s streets are rated “Poor” or “Very Poor” having a PCI of
49 or less. Staff recommends that the City address road repairs before conditions worsen and
become more expensive to address. Budget accomplishments include:

• Program more than $65.4 million of restricted funds over the next two years to fund and
INFRASTRUCTURE maintain infrastructure
• Direct $5.0 million allocated for annual street maintenance
• Additional $5.6 million from capital project fund investment in pavement rehabilitation
each year of this two-year budget
• Deliver Capital Improvement Projects (CIP) - $97.8 million of improvements
• Complete Vehicle/Fleet replacement
• Maintain existing facilities

A central objective in the City’s Momentum MoVal Strategic plan is to expand library services
to meet the needs of our growing City. Budget accomplishments include:

LIBRARY • Pursue design phase of main library renovation (ADA improvements)
• Increase broadband connections to better serve customers (WiFi and mobile hotspots)
• Provide access to emerging technologies at the libraries (STEAM-based literacy, career
advancement, and personal enrichment)

Citizens’ Guide | 6