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Lodi council approves FY2025–26 midyear budget adjustments, pension‑policy change
Summary
Council adopted midyear budget updates including MOU-driven salary and benefit increases, reallocation of ARPA carryover to the access center, a recommended pension-stabilization policy change to 70% and several capital and personnel adjustments.
The Lodi City Council on Feb. 4 approved midyear changes to the city’s fiscal-year 2025–26 budget, including staff recommendations to adjust appropriations and personnel classifications to reflect negotiated and anticipated MOU salary and benefit changes.
Budget staff presented the midyear report, noting the fiscal year runs July 1, 2025–June 30, 2026. Key items included a $5.1 million ARPA carryover (largely tied to the Access Center project), an estimated $2.9 million increase in general fund expenditures (about $2.4 million of which staff attributed to MOU salary/benefit changes and projections for unsigned MOUs), and updated revenue projections that partially offset expense increases (including $1.3 million of higher-than‑expected interest income). Staff presented proposed…
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