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Eugene adopts first supplemental budget for 2025–27, approves $8M PERS prepayment plan and retains reserve above 3.6%
Summary
The council adopted the first supplemental budget for the 2025–27 biennium, including an $8,000,000 investment in a PERS Employer Incentive Fund to secure a $2,000,000 state match and a reduction in long-term PERS rates; after actions the reserve for revenue shortfall is projected at $17.1M (3.6% of general fund).
The Eugene City Council on Dec. 8 adopted the city’s first supplemental budget for the 2025–27 biennium, voting 8–0 to approve staff’s recommended appropriations and adjustments.
City staff presented the supplemental budget as a reconciliation of beginning working capital, capital carryover, and encumbrances, and described a proposed $8,000,000 investment in the PERS Employer Incentive Fund intended to trigger $2,000,000 in state matching funds and to reduce the city’s PERS rate over the next six…
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