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Council hears finance pitch to restore reserves to 10%; some members propose trimming the increase to fund employee pay
Summary
Finance staff told councilors the FY26 proposal restores the city’s reserve target to 10% (from 8.5%), increasing the reserve balance by roughly $6.9 million; several councilors proposed a smaller increase to free funds for non‑sworn staff stipends if FEMA reimbursements arrive later.
Finance and mayoral staff told the council the FY26 proposed budget moves the city’s operating reserve from roughly 8.5% of revenues to a target of 10%, increasing the reserve from about $27.5 million to approximately $34.4 million.
Finance staff and councilors described the rationale: preserving one‑time fund balance for disaster response (councilors cited the recent wind/Father’s Day storm, when 46% of reserves were used)…
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