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Escondido finance director outlines Measure I operating budget, forecasts and planned positions
Summary
City Finance Director Christina Holmes reviewed the Measure I FY26 operating budget: staff presented revenue forecasts from two consultants, a first cash distribution, proposed staffing and capital items funded by Measure I and questions about overtime and reporting cadence were raised.
Christina Holmes, the City of Escondido’s director of finance, presented the Measure I fiscal year 2026 operating budget and a high-level overview of revenue forecasts, planned expenses and positions the city proposes to fund with Measure I sales tax revenue.
Why it matters: Measure I proceeds will fund public safety, development services, parks and infrastructure needs. The committee will review quarterly reports, an independent auditor will assist with the committee’s report to council, and early revenue projections will inform staffing and one-time investments.
Holmes told the committee the budget anticipates “a little over $38,400,000” in revenue and budgeted expenses of $31,300,000. She described how the ballot language anticipated $28,000,000 annually and said the city engaged two consultants to produce preliminary forecasts. HDL projected about $35,000,000 (77% of the city’s base rate) and Avenue Insights projected a higher forecast, a little over $41,000,000 (about 92%). Holmes said staff used an average of consultant forecasts…
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