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Carmel-by-the-Sea council adopts $34.9 million budget, approves $45 million appropriations limit
Summary
After extended discussion about deferred maintenance, capital projects and reserves, the Carmel-by-the-Sea City Council adopted the FY2025–26 operating and capital budget and approved the city's annual appropriations (Gann) limit.
The Carmel-by-the-Sea City Council on June 3 approved a fiscal 2025–26 operating and capital budget that projects $34.9 million in revenue and adopts an appropriations limit of $45,000,081,158.
City Finance staff and council members spent more than two hours discussing the city's capital-improvement plan (CIP), fund balance and how to deliver a long list of deferred maintenance and projects without overstretching reserves. Staff recommended using $4.9 million of fund balance to cover CIP spending this year and noted the proposed operating budget of $31.9 million represents roughly 91.6% of projected revenues, slightly over the city policy target of 90%.
The adopted budget includes $7.8 million in CIP for the coming year, on top of roughly $3.9 million carried forward from prior years. Staff and council highlighted the beach and facilities packages,…
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