INGLEWOOD – The Inglewood City Manager’s office will present the modified mid-year budget for fiscal year 2024-2025, which shows a projected $12 million deficit, during the June 3 city council meeting.

The mid-year numbers include revenue and expenditures from Oct. 1, 2024 through April 30, 2025.

When the City adopted the 2024-2025 fiscal year budget in September 2024 which projected revenue of $224,372,756 and expenditures projected at $224,251,487, which would have created a budget surplus of roughly $121,270.

The modified budget now shows an expected $225,862,675 in revenue with expenditures increased to $237,708,092 which shows a shortfall of close to $12 million.

The City then pivots by adding “projected at Mid Year” showing revenue will be $236,058,605 and expenditures decreased

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