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Riverside staff present FY25–26 budget amendment; council sets June 17 follow-up meeting
Summary
City staff outlined a multi-year budget amendment for fiscal years 2024–26, projecting revenue uncertainties and proposed cuts; the council unanimously set a June 17 meeting for final consideration.
City staff presented a proposed amendment to the city’s two-year FY2024–26 budget and recommended the City Council receive the report and return on June 17 for final consideration.
The presentation, led by the city manager and a budget director identified in the record as Sergio, described a financially “strong” starting position but flagged multiple revenue risks over the amendment period, including reductions in property- and sales-tax projections and uncertainty tied to federal policy and local development timing. Staff said the amendment includes proposed expense adjustments, targeted cuts and one-time transfers intended to preserve reserves while maintaining core services.
Why it matters: the amendment would shape spending and staffing plans across major departments, affect the city’s use of Measure Z revenue, and set aside funds for long-term…
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