To: MAYOR AND CITY COUNCIL
From: STEPHANIE MEYER, FINANCE DIRECTOR
TITLE
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DISCUSSION AND POSSIBLE ACTION REGARDING THE CITY MANAGER'S PROPOSED FISCAL YEAR 2026-27 BUDGET AND FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
RECEIVE AND FILE THE PROPOSED OPERATING BUDGET AND FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM DOCUMENTS AND SET JUNE 2, 2026 AS THE DATE TO CONDUCT A PUBLIC HEARING ON THE FISCAL YEAR 2026-27 OPERATING BUDGET AND THE 2027-2031 FIVE-YEAR CAPITAL IMPROVEMENT PROGRAM
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EXECUTIVE SUMMARY
The City Charter requires the City Council adopt an annual budget by June 30 each year. Public Hearings for the proposed FY 2026-27 Budget and the 2027-2031 Capital Improvement Program (CIP) are scheduled to begin on June 2, 2026 and conclude with budget adoption on June 16, 2026.
BACKGROUND
As presented, the FY 2026-27 City Manager's Proposed Budget is balanced and was developed consistent with City Council's adopted financial principles, balancing needs with resource availability. The 2027-2031 Proposed Five-Year CIP model identifies capital investment required to meet the City's General Plan and other policy goals and to ensure good stewardship of existing infrastructure.
The total proposed General Fund Budget with recommended Decision Packages is approximately $131.0 million. The CIP budget includes 89 projects with $130.3 million of new funding, $92.9 million of which is associated with Measure FP for new Police and Fire Department facilities.
Both documents are available on the City's website at https://www.redondo.org/budget in pdf and digital format.
The table below shows the scheduled meetings leading up to Budget Adoption. According to the City Charter, City Council must adopt the budget annually by June 30th.
Date
Action
May 19, 2026
Receive and File the FY 2026-27 Proposed Operating Budget &
2026-2031 CIP
Set Public Hearing Dates
June 2, 2026
Public Hearing - Operating Budget Focus
June 9, 2026
Public Hearing - CIP Budget F...
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