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Half Moon Bay council adopts FY 2025–26 budget, notes structural deficit and one‑time fixes
Summary
On a 5–0 roll call the City Council adopted the FY 2025–26 operating and capital budget and related resolutions (Gann appropriation limit and investment policy). Council and staff described a structural deficit, one‑time revenues used to balance next year, and plans for a midyear review and a staffing/organizational restructuring process.
The Half Moon Bay City Council voted unanimously on June 17 to adopt the fiscal year 2025–26 annual operating and capital budget and related resolutions, including setting the Gann appropriation limit and reaffirming the city’s investment policy.
City staff presented a recommended budget showing projected revenues of about $23.8 million and operating expenditures of roughly $24.0 million, producing a near‑term budget gap driven largely by inflationary pressures and increases in fixed costs such as public safety and pension obligations. City finance staff and the city manager explained the…
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