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Perris presents draft FY 2025–26 and 2026–27 budgets; staff projects small surpluses and flags insurance, revenue risks
Summary
Finance Director Matthew Schenk presented a conservative two‑year draft budget for FY 2025–26 and FY 2026–27 showing modest projected surpluses (about $86,000 per year) and highlighted revenue volatility tied to insurance markets, dwindling ARPA funds and softening cannabis receipts.
Finance Director Matthew Schenk presented the draft city budget for fiscal years 2025–26 and 2026–27 and asked the council to review and provide direction. Schenk described a conservative two‑year plan that projects modest surpluses (approximately $86,000 per year for each of the next two fiscal years) while flagging several revenue and expenditure risks.
Key figures presented by Schenk included projected general fund revenue drivers: sales and use tax (~$29.1 million), property tax (~$15.7 million), vehicle…
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