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Rent Board to Review $5.3 Million Budget for Upcoming Fiscal Year

05/06/2019 8:43 AM | Margaret Fulton (Administrator)

The Santa Monica Rent Control Board next week will review a proposed $5.3 million operating budget for the upcoming fiscal year that deviates little from the current budget.

The proposed budget for the fiscal y that begins July 1 calls for nearly $5.179 in operating expenses and revenues totaling nearly $5.312 million, resulting in a surplus of some $133,000, according to staff.

Most of the money -- $4.436 million -- will be spent on salaries and wages for 24 full-time workers, with $62,512 set aside for "as-needed employees."

Read More: http://surfsantamonica.com/ssm_site/the_lookout/news/News-2019/May-2019/05_03_2019_Rent_Board_to_Review_Budget_for_Upcoming_Fiscal_Year.html


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