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Council hears record interest in financial partner program as requests far exceed likely funding
Summary
City staff reported a record 50 applicants seeking roughly $8.6 million from the city's Financial Partner program for FY2026; staff explained a newly adopted policy, scoring rubric and limits that will guide decisions as council members signaled they will send further guidance to committee before budget adoption.
Sherry, the city staff member who manages the Financial Partner program, told the City Council that the city received 50 applications for FY 2026 and that total requests topped $8.6 million — the largest funding request on record.
“Financial partners are organizations that are selected that are able to extend the city's capacity to advance the strategic to advance council's strategic priority and address community concerns,” Sherry said, describing the program and its role in advancing council priorities.
The council adopted a Financial Partner policy in October 2024 that formalized eligibility, reporting and a 5‑year term limit for partners. Under the policy the city will cap awards at 30 percent of an applicant’s agency or program budget; applications that exceeded that cap were adjusted downward to the 30 percent maximum during staff…
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