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Fresno council hears sobering midyear budget update; asks staff to continue eviction-prevention intake and to manage hiring requests
Summary
City budget staff told the Fresno City Council the midyear financial picture shows a modest FY25 carryover but a projected FY26 base shortfall of roughly $20.6 million; council approved a package of directions including continued processing of eviction-prevention applications and a constrained hiring approach.
Fresno officials on Feb. 25 presented a fiscal year 2025 midyear budget review that showed the city likely will end FY25 with a modest positive balance after accounting for commitments, but the fiscal 2026 base budget is estimated to begin with a shortfall of about $20.6 million.
Budget director Henry Fierro presented the numbers to the council, saying the most important takeaway was the FY26 base projection: "That to me is, the important takeaway," he told the council. Staff reported estimated FY25 operating revenues of roughly $475 million and called out sales tax and cannabis receipts as below earlier budget assumptions; property tax receipts came in slightly higher than the adopted budget.
Key numbers and drivers
- FY25 estimated operating revenues: about $475 million. Sales tax is trailing earlier projections and is the primary downward driver versus the FY25 adopted budget. Property tax growth exceeded the budgeted rate (assessment roll growth was reported slightly above the adopted assumption). - FY25 net ending balance after accounting for…
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