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Newport Beach City Council, Finance Committee to review budget

NEWPORT BEACH The City Council will review the proposed $282 budget for 2017-18 during a meeting with the Finance Committee on Tuesday, May 23.

The council is required to adopt its annual budget prior to the fiscal year, which begins July 1.

The general fund accounts for $225.6 million, of which $145.6 million would go toward salaries and benefits for city employees, according to a PowerPoint presentation by the city.

Most of the general fund revenue will come from property taxes — $99.8 million — followed by $35.9 in sales taxes and $24.3 million in transient occupancy taxes, which are paid for by…