By John Russo and Marianna Marysheva
This month the Irvine City Council will consider a significant change to how Irvine prepares and approves its budget. Like nearly all California cities, Irvine creates and approves a new General Fund budget each and every year. This is not a “best practice.” If executive management’s fiscal reform proposal is approved by the City Council, Irvine will have its first-ever two-year budget, developed in the context of a comprehensive five-year financial plan, starting July 1, 2019.