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Ripon staff previews $28.7 million proposed 2025–26 budget; CalPERS unfunded liability remains pressure point
Summary
City staff presented the proposed 2025–26 budget, a draft $28.65 million plan, and warned that rising CalPERS unfunded liability payments and other cost pressures will require long‑term strategies including a Section 115 trust and periodic transfers.
City finance staff presented the proposed 2025–26 budget to the Ripon City Council, describing planned expenditures across the general fund, enterprise funds and capital projects and noting there is no final action tonight; a public hearing and council vote are scheduled for July.
Staff said the proposed total city budget for 2025–26 is about $28,650,000, roughly a 7% increase over the current year, with about 89% tied to the general fund and enterprise funds. The finance presentation traced revenue trends, noting sales tax — particularly fuel sales — has declined from its recent highs and that development‑related revenue is variable; general fund revenue…
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