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Santa Clara council adopts two‑year budget, restores reserves and funds bond implementation staffing
Summary
The City Council approved a two‑year operating budget for FY2025–26 and FY2026–27 and set the 2025 appropriation limit. The budget restores a 25% budget stabilization reserve, funds 21 new ongoing positions and includes implementation staffing for the $400 million bond; council also approved the constitutional appropriations limit.
The Santa Clara City Council on Tuesday adopted a two‑year operating budget for fiscal years 2025–26 and 2026–27 and established the city’s constitutional appropriations limit for the coming year. Staff described the package as a mix of targeted operating investments, enhancements to capital programming and steps to shore up reserves.
The proposed FY25–26 budget presented by Finance Director Ken Lee and City Manager Jovan Grogan totals just under $2.0 billion; that top‑line includes ongoing operating funds plus roughly $400 million in capital dollars carried forward. The council added several changes requested during two prior study sessions: full restoration of library materials funding ($145,000 per year for…
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