Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Santa Clara Stadium Authority staff present FY2025–26 budget with $18.6M in capital projects, board schedules adoption in March
Summary
The Santa Clara Stadium Authority held a study session on its proposed fiscal year 2025–26 operating, debt service and capital budgets, with staff and the treasurer outlining a plan that includes $18.6 million in capital projects, a $61.2 million operating budget and $20.6 million in debt service.
The Santa Clara Stadium Authority held a study session on its proposed fiscal year 2025–26 operating, debt service and capital budgets, with staff and the treasurer outlining a plan that includes $18.6 million in capital projects, a $61.2 million operating budget and $20.6 million in debt service. Staff said members are scheduled to act on the budget at the Authority’s March meeting and that several follow-up items will be resolved before adoption.
Why it matters: The budget carries the stadium into a year that includes major events in 2026 and incorporates provisions of the December 2024 settlement agreements the city reached with the stadium manager and related parties. The document also includes a 10‑year forecast, reflecting a recommendation from last year’s grand jury calling for long-range fiscal planning.
Treasurer Ken Lee and Assistant City Manager and Assistant Executive Director Chuck Baker walked the Authority through the document. Lee told the board that non‑NFL event revenue has been unusually strong over the last two…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
