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Westminster staff outline budget shortfall, heavy reliance on sales tax and $4.5 million gap in 2025 projections
Summary
City staff told council members at a budget workshop that Westminster's operating budget depends heavily on sales and use tax and that current forecasts show a roughly $4.5 million shortfall versus the 2025 budget; staff flagged tight reserves and asked council to prioritize services for the 2026 budget.
City staff told the Westminster City Council at a May budget workshop that the city's finances remain solid but face narrowing margins and a potential near-term shortfall.
The city began the year with a projected $125,000,000 across all funds and budgeted revenues of $369,000,000 against expenses of $371,500,000, leaving much of the difference to be covered by fund balance, staff said. Across all funds, sales and use tax comprise about 40% of revenues; within the general fund sales and use tax account for about 64% of the general fund's revenue mix.
The city highlighted the degree to which that concentration creates sensitivity to…
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