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Measure U oversight committee approves midyear budget; staff flags storage tank cost overrun
Summary
The Port Hueneme Measure U Citizens Oversight Committee approved and filed its midyear budget-to-actual report after a staff presentation showing revenues roughly on track and a needed underground fuel storage tank replacement that is over budget and may require reallocation of funds.
The Measure U Citizens Oversight Committee of Port Hueneme City voted to approve and file the midyear budget-to-actual report for the current fiscal period after a staff presentation on revenue and spending trends.
City staff told the committee the adopted revenue budget for fiscal year 2026 is just over $3,000,000 and that fiscal year-to-date revenue recorded is about $1.2 million, representing five months of receipts. "We are pretty much trending on track as far as our revenue projections go," staff said, noting that revenues lag because businesses remit to the CDTFA before the city receives payments.
Staff summarized Measure U expenditures across three…
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