
1 minute read
Understanding Our Budget
Benicia is known for its small-town charm, history, great schools, open area, parks, low crime and high quality of life.
Benicia Magazine had a meeting with Interim City Manager, Mario Giuliani to talk about the state of the city, and it was a sobering conversation indeed. The city has a fundamental financial imbalance that will affect services provided. Why is that? Here's Why. And here’s the impact.
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Why
+89 People
Population Decline
— Benicia’s population grew by only 89 people in the last twenty years!
— It is expected to decrease by 3.7% in the next five years.
Minimal New Development
-992 People
— Between 2010 and 2023, only 126 new residential units were built, and only 4 commercial/ industrial units.
— We have 4.3 million square feet of warehouse space, which is most of our industrial buildings. Warehouse space generates little revenue for the city.
— There are few vacant parcels for new businesses, which limits new revenue opportunities.
Insufficient City Employees and or Services due to attrition
— Benicia City employees’ median salaries are 15.6% below median of surrounding cities’ salaries, leading to poor retention of employees.
Fewer city employees now than 10 years ago
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