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Finance director warns of $10 million ongoing shortfall; council given framework for multi-year fiscal planning
Summary
San Ramon Finance Director Jennifer Wakeman told the City Council on Oct. 28 that ongoing revenues fall short of ongoing expenditures by roughly $10 million in FY 2026 and presented a multi-part framework to restore fiscal balance.
San Ramon Finance Director Jennifer Wakeman presented a financial resilience framework to the City Council on Oct. 28 that described an ongoing general fund shortfall of about $10 million in fiscal year 2026 and proposed a multi-step process to address it.
Wakeman said the FY 2026 adopted general fund budget reflects approximately $81 million in revenue but that ongoing revenues trail ongoing expenditures by an estimated $10 million. She highlighted that sales tax and Measure N together account for about 35% of the general fund, property tax about 32.4%, and that those three sources account for roughly 67% of operating revenue.…
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