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Walnut Creek council backs staff plan to use vacancy rate to cover $2.3M FY2027 shortfall
Summary
City staff projected a $2.3 million general fund shortfall for FY2027 tied to a CDTFA sales‑tax reporting change for auto sales. The council voted to follow staff’s short‑term recommendation to maintain a 10–11% vacancy rate rather than immediate service cuts or reserve use.
Administrative Services Director Kirsten Locast told the council March 3 that a reporting change at the California Department of Tax and Fee Administration reduced the city’s auto and transportation sales tax receipts, producing an estimated $2.3 million deficit for fiscal year 2027 (July 1, 2026–June 30, 2027). Locast said the change is under audit by CDTFA and staff are pursuing additional clarification and potential…
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