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Council adopts fiscal year 2025–26 operating and CIP budget; officials flag structural gap in 2027–28
Summary
The council adopted the FY 2025–26 operating and capital improvement budget, approving a balanced budget for the upcoming year while staff warned of a potential structural deficit beginning in fiscal year 2027–28 and highlighted a $2.9 million required CalPERS unfunded liability payment.
The El Segundo City Council adopted the fiscal year 2025–26 operating and capital improvement program budget and the GANN appropriations limit by resolution at its June 3 public hearing.
Chief Financial Officer Paul Chung presented a condensed budget overview and noted staff incorporated council direction from a May 5 budget workshop. The adopted budget projects general fund…
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