Council adopts two‑year operating and CIP budgets totaling about $303 million for FY25–26; approved 5–0

The Thousand Oaks City Council held a public hearing and adopted the proposed two‑year operating budget and capital improvement program (CIP) for fiscal years 2025–26 and 2026–27.

Finance Director Jamie Boscarino presented a high-level overview of the biennial budget. The citywide proposed budget for FY 2025–26 is approximately $303.0 million and about $304.6 million for FY 2026–27, with the largest shares in the general fund, water and wastewater enterprise funds. Boscarino told the council that General Fund revenue for FY 2025–26 was budgeted at $113.8 million and appropriations at $122.2 million; salaries, benefits and public safety together represent the largest share of General Fund appropriations.

Boscarino described public outreach and said staff had gathered more than 1,500 online views of the budget site and about 145 survey responses; resident priorities included public safety, streets and infrastructure, parks and libraries. The proposed CIP totaled $156.1 million over the two years, with water, transportation/traffic and wastewater among the largest categories. Staff described several adjustments since study sessions, including shifting some budgets, moving a concrete sidewalk replacement program to the General Fund and advancing or re-phasing several signal and generator projects. A few projects were removed or reduced after funding analysis.

Councilors thanked staff for the two‑year effort and the online budget book. The council found the action is not a project under CEQA and voted unanimously to adopt the operating and CIP budgets and carryover authorities as recommended.