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Emeryville projects $9.7 million general fund shortfall in first year of 2025–27 budget
Summary
City financial consultant presented a proposed biennial 2025–27 budget that shows a large first‑year general fund deficit driven by lower development fee revenue and steady expenditures; council was briefed and will return to adopt the budget on June 3.
Brian Mora, financial consultant to the City from Regional Government Services, told the Emeryville City Council on Tuesday that the proposed 2025–27 biennial budget projects a $9.7 million general fund deficit in the first year and a $9.9 million deficit in the second year.
Mora said citywide revenues for the two‑year budget total about $116.5 million in year one against $143.5 million in expenditures, noting the figures reflect capital improvement spending. “In the first year, the revenues are projected at $116,500,000 and expenditures at $143.5 million,” Mora said. He also reported the proposed budget funds 174.61 full‑time equivalent positions across all funds and eliminates two positions from the prior budget.
The short…
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