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Half Moon Bay adopts recommended FY 2025–26 budget framework; council flags structural deficit, risk‑fund choice and expiring golf fee
Summary
Council reviewed a recommended FY25–26 budget showing a near‑term deficit driven by one‑time revenues and ongoing cost pressures; members directed staff to seek revenue options (including negotiating an expiring golf nonresident fee) and begin organizational restructuring while preserving core services.
City staff presented the recommended fiscal year 2025–26 budget at the June 3 meeting, outlining a near‑term plan that preserves services this year but projects a structural deficit over the next two to three years unless revenues rise or expenditures are reduced.
Key figures and the problem - Recommended general‑fund revenue for FY25–26: approximately $23 million (including a conservative projection for Measure R sales tax revenue tied to tourism and the new sales tax rate). - Expenditures: about $24 million of operating costs plus roughly $1 million in planned capital contributions, producing an annual shortfall in the proposed budget of about $1.5 million. - The staff presentation highlighted that the recommended budget relies on one‑time sources (roughly $900,000 in one‑time revenue and roughly $500,000 of one‑time savings).…
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