Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Malibu adopts FY 2025–26 budget; council also approves assessment district, wastewater fees and CDBG allocation
Summary
Council adopted an $81.8 million revenue / $110 million expenditure budget for FY 2025–26, approved Assessment District 98‑2 Calle Del Largo assessments, wastewater service fees for the Civic Center treatment facility and use of CDBG funds for the Malibu Community Labor Exchange project.
The Malibu City Council on June 23 adopted the fiscal 2025–26 operating budget and several finance items, after public comment and detailed staff presentations. The adopted budget lists $81.8 million in total revenue and about $110 million in planned expenditures across all funds, with general fund revenues of roughly $60 million and general fund expenditures north of $72 million.
Staff briefed the council on revenue drivers and the city’s reserve position, noting the city’s property‑tax base has trended upward over the last decade. The city manager and finance staff described how emergency response and recovery costs associated with recent fires reduced reserves since the Woolsey, Franklin and Palisades fires. Staff…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
