Belvedere Finance Committee recommends $550K from excess cash to fund Beach Road fortification

Belvedere’s Finance Committee is recommending the city direct some $550,000 in extra cash from last year’s budget toward critical infrastructure projects, including a $2.8-million plan to fortify Beach Road against erosion, while leaving the remaining $300,000 in the general fund with no specific designation.

The committee’s 4-0 recommendation to direct the money toward the critical-infrastructure reserve, made at its Nov. 18 meeting, will now be forwarded to the City Council for consideration. If the council takes the recommendation, the new allocation would bring the critical-infrastructure fund to $2.4 million by the end of the current fiscal year in June. The reserve was created in 2021 to fund the passage of Measure D, a tax initiative that the city hoped would pay for a $20-million seismic upgrade to Beach Road and San Rafael Avenue, with a second phase to raise and add seawalls to follow with separate funding. However, the measure failed, the larger project was put on hold and the reserve fund became a catch-all for essential projects.

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