To: BUDGET AND FINANCE COMMISSION
From: STEPHANIE MEYER, FINANCE DIRECTOR
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DISCUSSION AND POSSIBLE ACTION REGARDING THE FISCAL YEAR 2025-2026 CITY MANAGER'S PROPOSED BUDGET AND FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM.
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EXECUTIVE SUMMARY
On May 16, 2025, consistent with City Charter, staff posted the Proposed FY 2025-26 Budget and the Proposed Five-Year Capital Improvement Program (CIP) to the City's website. Staff shared the link to the document with the Budget and Finance Commission. On May 20, 2025, staff presented the FY 2025-26 Proposed Budget and Five-Year CIP to City Council at a high level and heard initial questions. Council voted to receive and file the document and set June 3, 2025 as the first public hearing date. On June 3, 2025, staff presented additional operating budget detail and responded to questions. Council voted to continue the public hearing to June 10, 2025 when the discussion will focus on the CIP budget. Staff has noticed a further public hearing on June 17, 2025, projected for budget adoption. On June 17, 2025, staff will also present proposed fee changes and the FY 2025-26 Appropriations Limit (GANN limit) calculation for Council consideration and adoption.
BACKGROUND
City Council has met twice on the Proposed FY 2025-26 Budget and Proposed Five-Year CIP: to receive and file the budget document (May 20, 2025) and for an initial public hearing focused on operations (June 3, 2025). The City will hold a third budget-focused meeting June 10, 2025 to focus on the Proposed CIP. Administrative Reports, presentations, and related attachments for all meetings are included as attachments to this document.
In addition to the FY 2025-26 Proposed Budget and Five-Year CIP, staff has prepared Budget Response Reports (BRRs) in response to Council requests. Budget Response Reports offer detailed information on significant budget issues that are of interest to the City Council and that the proposed budget document does not sp...
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