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Stadium Authority adopts FY 2025–26 budget; removes $620,000 office rent request, adds $1M contingent capex reserve
Summary
The Santa Clara Stadium Authority adopted its FY 2025–26 operating, debt service and capital budget Tuesday, deleting a $620,000 request to subsidize the stadium operator’s off‑site office rent and adding a $1 million contingent capital reserve.
The Santa Clara Stadium Authority on Tuesday adopted its fiscal year 2025–26 operating, debt service and capital budget after staff and board members negotiated several changes, most notably removing a proposed $620,000 appropriation to subsidize the stadium operator’s off‑site office lease.
City Manager and Executive Director Jovan Grogan told the board staff “is not recommending approval of that [office rent] in your proposed budget,” and said the $620,000 was deleted from the proposed figures. The budget that passed includes a contingent $1,000,000 allocation for…
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