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Goleta presents preliminary two‑year budget; council debates pavement funding levels and trade‑offs
Summary
City staff presented a preliminary two‑year operating budget and five‑year forecast; council members praised recent high levels of pavement investment but debated whether proposed baseline funding of roughly $6.0–6.2 million per year is adequate and requested additional analysis and options.
City finance staff presented a preliminary two‑year operating budget and five‑year forecast. Finance Director Luke Riu (presentation lead) told council the draft budget is structurally balanced for the next two fiscal years but cautioned it is constrained longer term: ongoing revenues cover current service levels, but addressing deferred maintenance and expanded services will require trade‑offs or new revenues.
Key staff points: transaction/use (sales) tax is now the city’s largest revenue source and is sensitive to consumer behavior; staff proposed matching one‑time revenues with one‑time expenditures and maintaining reserve targets. The budget includes the…
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