Torrance taxpayers have covered a $17,500 funding gap for the city's 2013 Rose Parade float.
The City Council appropriated that amount at its Tuesday meeting after the Torrance Rose Float Association reported that it came up short in its fundraising efforts.
The city withdrew its traditional $150,000 financial commitment for the float last year because of budgetary constraints, but informally pledged to plug any gap if the nonprofit association fell short.
Harbor Gateway-based aerospace company Ace Clearwater contributed $85,000 toward the $150,000 float.
The association is still working toward securing sponsors for next year's float, something that must occur soon if the city is to have a 60th Rose Parade entry, Councilman Tom Brewer said.
"The commitment to have a float in the 2013 parade is coming up very shortly and in the next few weeks we should be hearing from the float association as to how the funding for the float is going to materialize," he said.
- Nick Green