Keeping an Eye on the Ball
Goals and Future Challenges
The Great Recession of 2009 decimated Norco financially and the recovery was slow and extremely difficult with lay-offs, reduction of services and other belt tightening measures.
Nevertheless, we as a community pulled together despite increased interference from Sacramento and whole cities growing up around us, to maintain our life style, diversify our income stream, strengthen public safety, and today we enjoy a roughly ten million dollar reserve as a rainy day fund against future economic downturns and as a small hedge against an catastrophic disaster.
Norco survived the second greatest economic failure in our country's history, in fact, we eventually prospered and as our property values indicate, our community is a desirable place to live if you can afford it.
That said, nothing stands still and the future of our community will no doubt have many hills and valleys, with some serious, never before seen challenges clearly seen coming our way.