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Thousand Oaks council receives two-year operating budget; staff outlines staffing and capital plans
Summary
Council received a study-session presentation of the proposed fiscal 2025–26 and 2026–27 operating budget, which staff described as structurally balanced and cautious on revenue projections while adding limited staff and funding for capital projects, IT, and the navigation center.
The Thousand Oaks City Council on May 13 received a staff presentation of the proposed biennial operating budget for fiscal years 2025–26 and 2026–27.
Finance Director Jamie Boscarino said the city’s proposed two‑year operating budget is structurally balanced and was prepared conservatively given economic uncertainty. Boscarino said the citywide budget for FY 2025–26 is $305,800,000 and the FY 2026–27 proposal is $305,100,000; the proposed General Fund revenue budget for 2025–26 is $113,500,000 and $115,700,000 for 2026–27. She told the council the Capital Improvement Program presented in April includes about $160,000,000 in planned infrastructure investments over the two years.
The presentation described a modest net increase in staffing: four positions in year one and four in year two,…
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