City of Lancaster Adopts Bold, Balanced Budget for Upcoming Fiscal Year
Lancaster Choice Energy and TractionSeal™ Successes Help Pave the Way for Upcoming Medical Main Street and Revive 25 Programs
During Tuesday evening’s meeting, the Lancaster City Council adopted the City’s Fiscal Year 2015-16 budget. The balanced budget highlights a number of success stories from FY 2014-15 including the recent launch of Lancaster Choice Energy, as well as the development of a new TractionSeal™ manufacturing capability. The budget also includes a number of bold initiatives the City is continuing to develop as it proceeds along its path of fiscal responsibility and innovation.
“This balanced budget proves a City can remain fiscally conservative in its approach, while still encouraging growth through investments in infrastructure, innovation, and efficiencies,” said Lancaster Mayor R. Rex Parris. “I look forward to this upcoming year of bold approaches to best serve our residents and businesses.”
The FY 2015-16 budget begins by recapping the successes of FY 2014-15, first and foremost of which has been the smooth launch of Lancaster Choice Energy. The new local power provider began serving municipal accounts and early enrollees on May 1, 2015 with clean, low-cost power. All accounts in the City of Lancaster will be transferred beginning October 1, 2015.
An additional milestone met during this past fiscal year was the commencement of TractionSeal™ manufacturing. This new road surfacing product, with its superior toughness, durability, and skid resistance is expected to realize high demand from government entities across the Southwest United States, and represents a new ancillary revenue stream for the City.
Another highlight of the coming fiscal year is the implementation of a Streetlight Acquisition Program, subsequent to its approval by the California Public Utilities Commission. This program will enable the City to save money by performing maintenance work in-house, while also allowing the City to utilize new technologies and efficient lighting systems. Also highlighted in the budget is the ongoing planning of a new “Medical Main Street” campus-like strategy surrounding Antelope Valley Hospital. This initiative will make use of new and existing architecture to provide a medically and economically vibrant center of health and wellbeing.
The upcoming budget also includes the beginning of the “Revive 25” program. “Revive 25” is a program which builds upon the City’s efforts to improve the safety and economic vitality of one of Lancaster’s most important asset: its streets. The Revive 25 campaign has laid out a strategy for ‘reviving’ every lane mile within Lancaster City limits by the year 2025. In doing so, the program will ultimately extend the life of pavement, result in safer streets, increase property values, result in less wear and tear on vehicles, create more desirable streets, and reduce the amount of overall road maintenance needed to address the City’s extensive street system.
“As we continue to seek new ways of making the most efficient and innovative use of City resources, alternative revenue streams and innovative programs will continue to be paramount,” added Mayor Parris. “The City is proud of this balanced budget as a testament to our fiscal health and we are excited about everything the coming year has in store for all of us.”