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Fortuna finance director reports tighter budget but Measure E continues to fund public safety and parks
Summary
Finance director Aaron told the council that Fortuna’s general fund remains in deficit but is slightly improved after a large, one-time CalPERS payment; Measure E generated nearly $1.92 million in FY24‑25, mainly funding policing and parks. Council was told sales tax is trending down and additional budget workshops are planned.
Aaron, Fortuna’s finance director, presented the fiscal year 2025–26 midyear review, telling the council the city’s general fund ended FY24‑25 with a $180,000 net deficit and projected a headline deficit of about $1.75 million for FY25‑26. He said much of that current‑year increase is attributable to a one‑time $1.5 million discretionary payment to CalPERS and that excluding that payment the adjusted deficit is roughly $254,000, an improvement versus the adopted budget.
“Tax and fee revenue is flat with only a $17,000 year‑over‑year increase,” Aaron said, while noting investment revenue exceeded expectations and staff…
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