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Taft council adopts 2025–26 budget after finance presentation; council approves operating plan with transfers and possible midyear review
Summary
Finance Director Teresa Binkley presented the proposed 2025–26 budget, highlighting increases in personnel-related costs and a proposed $850,100 in capital transfers; the council voted 4–0 to adopt the final 2024–25 and proposed 2025–26 budgets and found the action not a CEQA project.
Teresa Binkley, Taft's finance director, presented the city—s proposed budget for fiscal year 2025–26 during the June 17 council meeting and explained an overall increase driven largely by personnel cost inflation and the city—s ongoing TAP community correctional facility operations.
Binkley said the city is projecting an overall budget increase from the prior year largely because of higher worker—s compensation, insurance, CalPERS unfunded liability and a higher fire services contract. She listed several concrete figures: an approximate $250,000 increase in workers— comp, an estimated $629,000 in insurance costs for 2025–26, a CalPERS unfunded liability payment projected at $1,385,007, and a near-$128,000 increase for the fire services…
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