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Hemet staff previews FY 2025–26 budget: $14.5 million preliminary gap, pensions and insurance cited as drivers
Summary
At a March 11 workshop staff presented a draft FY 2025–26 general fund budget showing an initial $14.5 million shortfall driven largely by rising insurance premiums, pension costs and the restoration of vacancy factors; council directed conservative revenue assumptions and further review.
City staff presented the draft fiscal year 2025–26 general fund budget to the Hemet City Council on March 11, showing an initial projected deficit of about $14.5 million and identifying liability insurance premiums and CalPERS pension obligations as principal cost drivers.
Administrative Services Director Tiffany Barnett walked the council through revenue and expenditure projections, a breakdown of Measure U allocations, and multi-year pension modeling using actuarial scenarios. Staff said the draft general fund revenue projection is $80.6 million and preliminary operating expenditures total roughly $95.1 million, yielding the $14.5 million gap.
Key cost drivers and context
- Insurance and liability:…
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