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Scotts Valley adopts guiding budget principles for FY 2025–26, sets reserve targets and timeline
Summary
The city council unanimously approved Resolution No. 630.45 establishing guiding budget principles for fiscal year 2025–26, including reserve targets, fiscal sustainability practices and a timeline for budget review and adoption.
The Scotts Valley City Council unanimously approved Resolution No. 630.45 adopting guiding budget principles to guide preparation of the fiscal year 2025–26 budget, city staff reported at the meeting.
Stephanie Hill, a staff member who presented the budget principles, summarized key policies: general fund reserves will aim for a 17% minimum with a 25% target of annual operating expenditures; the wastewater fund is to be self-sustaining through user fees; one-time revenues should be used for one-time expenditures; and debt will be used primarily for capital projects rather than ongoing…
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