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Council adopts FY2026 operating budget with errata; debate centers on use of fund balance and tax impact
Summary
The council voted to adopt the fiscal 2026 operating budget together with an errata sheet that reduces proposed use of reserves; councilors were split on whether tapping fund balance is prudent, with majority supporting staff's conservative revenue assumptions.
The Long Beach City Council on May 20 adopted the Operating Budget for July 1, 2025–June 30, 2026, together with an errata sheet presented by the city controller that reduced the proposed reliance on fund balance and incorporated late changes to state and local revenue assumptions.
Key changes and staff rationale Controller Gina Resnick and city staff said a provision in the newly adopted New York state budget removed an MTA commuter tax allocation worth approximately $146,000 to the city’s general fund projection, and they reported revised revenue estimates for recreation and reduced…
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