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City presents $2.207 billion proposed FY 2025-26 budget, highlights $50 million PSPRS paydown and reserve drawdown
Summary
City staff presented the proposed $2.207 billion fiscal 2025-26 budget to the Budget Review Commission, outlining a $885.5 million operating budget, $952 million in capital improvements, a $50 million one‑time PSPRS police pension prepayment, and an expected drawdown of reserves.
City finance staff on April 7 presented the proposed fiscal year 2025-26 budget to the Budget Review Commission, describing a $2.207 billion spending plan that includes $885.5 million in operating budgets, $952 million for capital improvements and $370.4 million in contingencies and reserves.
The presentation said the total represents a 3.8% decrease from the current year overall budget but includes a 8% increase in operating spending when reclassifications and transfers are excluded. Sonia (presenting budget staff) said the operating budget increase reflects a combination of new full-time positions, transfers from capital to operating, salary adjustments and a one‑time $50 million prepayment to the Public Safety Personnel Retirement System (PSPRS)…
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