Fiscal Responsibility and Stability
The City of Pasadena has an important responsibility to its citizens to
carefully account for public funds, wisely manage municipal finances and
thoughtfully plan funding for public services.
Pasadena weathered one of the worst recessions in U.S. history largely due to
conservative financial practices and policies, long-term plans representing the
community’s values and priorities, a stable political
environment, a diverse local economy that does not hinge on one or two specific
industries, and thoughtful strategic planning in the face of fiscal challenges.
Input from residents and others in the community has helped us make informed
decisions about how to best
direct limited resources. The 2009 Pasadena Citizen Survey showed that residents
knew the state was experiencing a large budget deficit that would impact Pasadena. California’s
state budget problems took a bite out of Pasadena’s budget with cuts to public
health and redevelopment funds. Then, with an ever-widening gap projected at the
state level, legislators voted to raid municipal budgets as a stopgap measure.