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Pleasanton accepts unaudited FY2025 year‑end report and approves CIP carryforwards and budget amendments
Summary
City accepted unaudited FY2025 results showing a general fund reserve of about $31 million and recommended budget amendments including recognition of a $12.8 million developer capital contribution tied to Costco; council approved CIP carryforwards totaling about $63.8 million and instructed staff to return in February with midyear updates and pension strategies.
Pleasanton City Council accepted the city’s unaudited FY2025 year‑end operating report and approved recommended budget amendments and Capital Improvement Program (CIP) carryforwards at the Nov. 18 meeting.
Finance staff told council that general fund revenues and expenditures were close to forecast despite a cooler real‑estate market that reduced property tax; higher sales and business‑license taxes (partly tied to new commercial activity such as Costco) partially offset the…
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