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Carlsbad council advances preliminary FY2025-26 budget, sets June 17 adoption hearing
Summary
City officials presented a preliminary $47 million capital request and a balanced general fund forecast that raises reserves to 61%. Council set a June 17 public hearing and voted unanimously to advance budget resolutions.
City officials presented the preliminary fiscal year 2025–26 operating budget, capital improvement program and strategic digital investments to the Carlsbad City Council, which directed staff to set a June 17 public hearing and voted unanimously to advance the budget resolutions for final adoption.
The preliminary plan, introduced by City Manager Jeff Patno and presented in detail by Deputy City Manager Laura Rocha and Finance Director Zach Korach, proposes a modest 1.8% increase in the general fund over the prior year while increasing general fund reserves from about 55% to 61% (approximately $147,000,000). Korach said the city also plans to hold $10,000,000 for economic uncertainty, $19,000,000 in a Section 115 pension trust and $10,500,000 in an asset replacement reserve.
The budget package includes one‑time and ongoing investments tied to council priorities:…
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