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Seaside council trims FY 2025–26 budget; defers two capital items and reduces street transfers
Summary
City staff presented a proposed FY 2025–26 budget showing a modest operating surplus but a projected shortfall in the unassigned fund balance. Council voted unanimously to adopt staff'recommended steps including deferring two general-fund capital projects and cutting planned general-fund transfers to streets to restore reserves.
The City Council of Seaside voted unanimously June 12 to accept staff recommendations that reduce the city's immediate reliance on the general fund by deferring two general-fund capital projects and cutting planned transfers to the street fund.
The action followed a budget study session in which Finance Director Jessica Riley summarized the proposed FY 2025'26 general fund budget: $48.3 million in operating revenues and expenditures and a modest projected operating surplus of about $60,000, but an unassigned fund balance projected to fall roughly $1.7 million short of the 30% reserve target set in the municipal code. Riley told the council staff had trimmed $4.6 million from initial department requests but that the reserve gap remained.
Why it matters: the council must balance services and…
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