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San Rafael finance subcommittee previews FY 2025–26 budget, flags one‑time funding and revenue caution
Summary
City staff presented a preview of the proposed fiscal year 2025–26 budget to the San Rafael City Council finance subcommittee, showing a modest all‑funds surplus, a projected general fund drawdown, rising personnel costs tied to labor agreements, lingering one‑time ARPA allocations and several one‑time funding requests.
San Rafael city staff on May 13 previewed the city’s proposed fiscal year 2025–26 budget for the City Council finance subcommittee, presenting high‑level revenue and spending projections and the short‑term use of one‑time funds.
Director Jared Dimasio told the subcommittee the materials are “a living, breathing draft document” and that the presentation is intended to solicit feedback before the council receives the formal proposal. He said the city projects about $189.6 million in all‑funds revenues supporting roughly $188.2 million in recommended appropriations for next year.
The preview highlighted a narrower near‑term revenue margin than was anticipated at midyear. “We are looking at a drawdown of $6,800,000 of fund balance,” Dimasio said, and staff noted about $6 million of that drawdown would come from assigned fund balance. Staff also…
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