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Pacific Grove council approves first reading of two-year budget plan, outlines reserves and sewer investments
Summary
The City Council introduced an ordinance to adopt a two-year operating and capital budget covering fiscal years 2025–26 and 2026–27, emphasizing sewer system investments, revised reserve targets and a plan to route one-third of surpluses to capital and pension reserves.
The Pacific Grove City Council on June 4 introduced and held the first reading of an ordinance to adopt a two-year operating and capital budget for fiscal years 2025–26 and 2026–27, approving the measure unanimously on a voice vote.
City finance staff said the two-year budget covers about $48 million in the first year across all funds and rises to about $55 million in year two, driven largely by an approximately $7 million sewer capital program tied to the city’s sewer master plan. Finance Director Fred Marsh told the council the general fund is roughly two-thirds of total spending and that the five-year forecast projects…
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