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Salinas council receives mid‑year budget review; staff urges early start on renewing Measure G
Summary
Finance staff presented a mid‑year budget review showing general‑fund revenues tracking near projections but forecasting a large long‑term shortfall if Measure G is not extended. Council approved limited mid‑year appropriations totaling roughly $727,000 in the general fund and other adjustments.
City finance staff presented the fiscal‑year 2024–25 mid‑year budget review on Feb. 25 and asked the council to authorize a set of limited supplemental appropriations.
Acting Assistant Finance Director Abe Pedroza said general‑fund revenues were tracking on pace with projections at the halfway point of the fiscal year, with roughly 53% of projected revenues received. Expenditures were tracking near budgeted levels. Staff presented a financial forecast that illustrated a projected multi‑year gap if the city does not extend Measure G beyond the 2030–31 horizon; the presentation…
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