MERCED CITY MUST INVEST ITS OWN FUNDS FOR AFFORDABLE HOUSING

The City of Merced’s current budget is around $483 million dollars. This includes both non-discretionary and discretionary funds. Non-discretionary means that these funds are earmarked for specific uses and must only be used for those purposes, such as funding for public infrastructure. Discretionary funds have flexibility in that the City Council can determine how much and where these funds are allocated. This makes up the General Fund, which has an operating amount of $54 million dollars. Read more at We'ced.