Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Seal Beach presents balanced FY25-26 proposed budget, highlights Measure GG revenue and reserves
Summary
City staff presented a proposed FY25-26 budget that staff and officials described as balanced, noting Measure GG will add $3 million in sales-tax revenue and the city will maintain a 25% general fund reserve target amid rising mandatory costs.
Seal Beach officials presented the proposed fiscal year 2025–26 budget at a May 6 budget workshop, saying the plan is balanced and relies in part on revenue generated by Measure GG.
Interim City Manager Gallegos and Finance Director Barbara Arenado led the presentation, saying the city’s total budget across all funds is about $82.8 million in revenues and $108.8 million in expenditures, with capital projects of roughly $27.4 million. They said general fund operating revenues are projected at $48.2 million, a 9.4% increase year over year, and operating expenditures are $48.1 million, an 8.2% increase.
The nut graf: the budget relies on $3 million in sales-tax revenue…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
