Over the next several years, Capitola will need to make critical changes to maintain its financial stability.
Earlier this year, Jim Malberg, Capitola’s finance director, told current city councilmembers that the city’s budget next year will be structurally imbalanced, and beginning in the 2029-30 fiscal year, its general fund — unrestricted money that can be used for different purposes — will also become imbalanced.
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