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Belmont Council hears FY 2025–26 budget; VLF uncertainty could force reserve usage
Summary
City finance staff presented a proposed FY 2025–26 budget totaling $94.3 million and warned that a $1.4 million general-fund gap would require reserves absent state VLF reimbursement.
City finance staff presented Belmont’s proposed fiscal year 2025–26 budget during the June 10 council meeting, highlighting a potential shortfall tied to an unresolved Vehicle License Fee (VLF) reimbursement from the state.
Director Castaneda and city finance staff said the combined operating budget for the City of Belmont and the Belmont Protection Fire District is $80.8 million, with a $13.5 million capital improvement…
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