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San Luis council approves tentative $143.18 million budget, raises reserves to six months
Summary
The San Luis City Council approved a tentative fiscal year 2025–26 budget that sets spending limits, increases operational reserves to six months and reflects about $52.1 million in proposed capital investments; council members debated service cuts, reserve targets and staff reclassifications before a 5–1 vote.
The San Luis City Council on May 28 approved the city’s tentative budget for fiscal year 2025–26, setting the city’s maximum spending limits and budget priorities for the coming year.
City finance director Roula Encina presented the plan, saying the total proposed expenditures across all funds are $143,178,500 and total revenues are estimated at about $139.1 million, producing an estimated shortfall of about $8.28 million that the city plans to cover using existing fund balances. The tentative budget includes roughly $52.1 million for capital…
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