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City manager’s FY26 budget introduced: $598M total expenditures, operating expenses dominate; public hearings scheduled
Summary
Finance staff introduced the city manager’s proposed FY26 budget with $558 million in revenues, $539 million operating expenses, and about $59 million in capital allocations. The General Fund shows a $3.5 million budgeted deficit; council will open the public hearings beginning at the second August meeting and hold town halls Aug. 11.
City finance staff presented the city manager’s proposed fiscal year 2026 budget in a brief overview at the Aug. 4 council meeting. Matthew Liu, Director of Finance, said the proposed budget shows approximately $558 million in total revenue, $539 million in operating expenses, and $59 million allocated to capital projects for total proposed expenditures near $598 million.
Nut graf: The introduction defined priorities and pressures — utilities drive much of the fee revenue, personnel and services are the largest cost drivers, and the General Fund shows a planned $3.5 million deficit that council will need to address during the public…
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