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Port Hueneme council hears preliminary three‑year budget forecast showing multi‑year shortfalls
Summary
City staff told the council a status‑quo three‑year projection shows operating deficits beginning in fiscal 2025–26, driven by falling sales and cannabis receipts and rising personnel and pension costs; council directed staff to prioritize CIP review and return with options.
City Manager James Vega and Finance Director Lupe Acero presented a preliminary three‑year forecast to the Port Hueneme City Council on Feb. 4 that projects operating deficits beginning in fiscal year 2025–26 if current policies and service levels remain unchanged.
The presentation said the forecast assumes a conservative outlook for sales taxes and lower cannabis tax receipts and factors in rising operating costs. "If we adopt a sort of status quo budget...this is our forecast of what we expect the next three years," Lupe Acero said.
The nut graf: The forecast projects a general‑fund operating gap and shows the city’s unassigned fund balance could be largely depleted within the three‑year window if no corrective actions are taken. Staff recommended using the forecast to guide discussions on spending, capital projects and revenue…
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