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Coos Bay budget committee warns of ‘no contingency’ as PERS and insurance costs rise
Summary
City staff presented a proposed $80 million city budget for fiscal 2025–26 and warned the budget leaves virtually no contingency. Committee members and the mayor cited rising PERS and insurance costs as structural pressures, and leaders discussed potential redlines and staff adjustments to protect the city’s carryover balance.
Coos Bay budget committee members on Thursday were warned the proposed city budget for fiscal 2025–26 leaves little room for error: contingency is effectively zero and the unappropriated ending fund balance is projected to fall sharply compared with the current fiscal year.
City Manager and budget officer Nicole Rutherford and staff presented a citywide proposed budget of about $80 million that covers operating funds, the city’s water and wastewater capital program, and other funds. Rutherford told the committee the proposal was prepared conservatively; revenue estimates were conservative while expenditure estimates included incremental increases and necessary cost items.
Committee discussion repeatedly returned to two structural pressures: rising…
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