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El Segundo City Council adopts balanced $104 million budget for fiscal year 2025–26
Summary
The El Segundo City Council adopted a resolution approving the fiscal year 2025–26 operating and capital budgets, maintaining a 25% general fund reserve and an economic uncertainty reserve.
The El Segundo City Council on June 3 adopted a resolution approving the city's fiscal year 2025'26 operating budget, capital improvement program budget, Gann appropriations limit and associated financial policies, effective July 1, 2025.
City Chief Financial Officer Paul Chung told the council the budget is balanced with $104,000,000 in projected general fund revenues and matching expenses. The city will retain a 25% general fund reserve of $24,900,000 and an economic uncertainty reserve of $2,000,000.
The adoption sets the spending plan and related financial policies that will govern the coming fiscal year. No vote counts or individual motions were recorded in the meeting transcript provided; council action was summarized as adoption of the resolution.
The resolution takes effect July 1, 2025. More details were presented at the June 3 meeting and are available through the city's official meeting materials.
