During a recent government meeting, officials discussed the budget for the fiscal year 2024-2025, which is facing a significant deficit of approximately $400,000 out of a total budget of $4 million. This shortfall is being addressed through unspent funds from the previous fiscal year and a $50,000 injection from the general fund.

A major concern highlighted was the increase in the unfunded accrued liability (UAL) payment, which has surged by $1 million, effectively doubling the annual payment. As a result, two-thirds of membership fees are now allocated to cover this UAL fee. The Association of Bay Area Governments (ABAG) is grappling with a structural deficit and aims to devise a plan to tackle this financial challenge in the coming year.

Additionally, Moraga's membership fee is set to rise from $5,500 to $6,100, marking a 10% increase.

The meeting also touched on the Bay Area Housing Finance Authority's (BAFRA) proposal to place a $20 billion general obligation bond measure on the November ballot. This initiative has faced criticism, particularly following feedback received during a recent Contra Costa Mayors Conference. If approved, the measure would allow Contra Costa County to receive over $1 billion, with 80% of the funds returning to local jurisdictions, while 20% would be retained by BAFRA for its projects.