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Mountain View staff present balanced preliminary FY 2025–26 general fund plan; council asks staff to explore library hours, AI translation and funding shifts
Summary
City staff presented a preliminary, balanced general fund forecast for FY2025–26 that shows a small operating surplus next year but projects deficits afterward; the council unanimously accepted the recommendations and asked staff to explore a set of follow‑up items.
City staff presented a preliminary general fund budget for fiscal year 2025–26 showing a modest projected operating balance for next year but structural deficits in following years unless revenues or expenditure plans change. Finance staff described the city’s long history of conservative fiscal management, current reserve levels, and an updated economic outlook noting recent market volatility and potential federal actions that could affect municipal borrowing costs.
Finance director and staff highlighted Measure G (a new higher property transfer tax tier for transactions over $6 million) as a recently authorized local revenue source expected to produce new receipts but noted receipts are…
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