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Rancho Santa Margarita adopts $2025–26 operating budget, $13M CIP and related resolutions
Summary
The Rancho Santa Margarita City Council on June 11 adopted the fiscal year 2025–26 operating budget and a seven-year capital improvement program, approving roughly $13 million in CIP projects and measures that maintain strong reserves while increasing law enforcement funding.
The Rancho Santa Margarita City Council unanimously adopted the fiscal year 2025–26 operating budget and a seven-year capital improvement program on June 11, approving staff recommendations that include a modest structural surplus and funding for about 20 CIP projects.
City staff presented the proposed plan, saying the general fund shows a projected structural surplus of $190,843 for the year and that revenues are expected to rise about 2.35%, driven primarily by property tax and investment earnings. The presentation said sales-tax growth is expected to remain modest while property tax estimates grew by roughly 4–5 percent.
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