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Santa Clara adopts two-year, nearly $2 billion budget and restores reserve to 25%
Summary
The City Council adopted the biannual operating budget for FY 2025–26 and FY 2026–27, approved an appropriations limit and directed staff to pursue a fiscal sustainability plan and capital reserve policy updates.
The Santa Clara City Council on June 10 adopted a two‑year operating budget that includes targeted staffing additions, restored service funding and changes intended to strengthen fiscal reserves.
Finance Director Ken Lee and City Manager Jevon Grogan led the presentation. Staff described a $1.9 billion (approximate) budget for fiscal year 2025–26 that incorporates carryover capital funds, utility and enterprise program spending, and personnel changes. The council also separately adopted the constitutional appropriations limit for 2025–26 at $697,292,626.
Key budget actions and additions: the adopted package restores the library materials budget (an additional $145,000 per year, $290,000 total across…
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