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Eureka adopts midyear budget amendments after staff warns of $3.7M projected shortfall
Summary
Finance staff reported the city’s projected FY25‑26 deficit widened from $800,000 to about $3.7 million due to personnel and capital overruns, a delayed county CARE contract requiring a local subsidy, and an emergency marine‑fueling replacement. Council adopted midyear budget amendments and directed staff to present a multi‑year reserve‑rebuild plan.
Finance Director Millar told the council the city closed FY24‑25 with a modest surplus that pushed reserves above the policy target, but new pressures in FY25‑26 have reversed that trend. Millar said updated revenue projections were roughly flat while expenditures grew because of higher personnel costs, capital project overruns, and an emergency…
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