The San Luis Obispo City Council passed a 2018-19 budget Tuesday night.
The $153 million budget includes funding for safety improvements and major road work in the southern part of the city, including Laurel Lane, as well as $1.3 million for the installation of safety bollardsdowntown and increased funding for new street lighting projects.
City officials say other funding items include continued protection and maintenance of the city’s natural resources and trails, acquisition of new open space lands and park amenities, and preservation of essential services supporting public safety, infrastructure enhancements and maintenance, water and wastewater services, transit, and planning and development services.
The budget also reportedly addresses increased pension costs by implementing a "Fiscal Health Response Plan." City officials say the plan resulted in more than $1.4 million in new revenues and operating reductions for the 2018-19 budget.
More information about the 2018-19 budget is available on the city’s website.
