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Placentia council reviews $92.7 million budget, weighs repairs vs. street cuts
Summary
City staff presented a proposed FY2025–26 budget of $92.7 million and a $11.4 million CIP, noting a pension UAL increase, $1 million from a Section 115 trust to balance the budget, and a choice to use $880,000 in Measure U funds for either a $1 million City Hall roof (with $220,000 from public-safety DIF) or to backfill residential street projects.
City staff on May 20 presented a proposed fiscal year 2025–26 operating budget and capital improvement program that would fund $92.7 million in all funds while relying on $89.7 million in projected revenues, leaving planners to cover a remaining gap with limited options.
Jennifer Lampman and Senior Financial Analyst Gavin Hoon told the City Council the budget reflects economic pressures including tariffs and slower sales-tax growth and a sharp increase in pension costs: "In the current fiscal year, we're paying $447,000; next year, it's going up to $917,000," staff said, describing the city's unfunded actuarial liability tied to CalPERS returns. To address an earlier estimated $3 million preliminary deficit, staff proposed measures including switching an ALS provider, holding most…
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