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Budget presenter Robert outlines five-year forecast; council adopts 5.5% property-tax growth assumption
Summary
Staff presented a high-level kickoff of Atherton Town’s FY 26–27 budget and five-year forecast, highlighting a COP lease payment schedule, a multi-year BLF shortfall, and proposed revenue assumptions; after debate the council agreed to use a 5.5% property-tax growth assumption for the forecast and to review actuals midyear.
Robert (Speaker 4), the staff presenter on the five-year forecast, told the council the study session was a high-level kickoff for the FY 26–27 budget and that operational and CIP details would be addressed at later meetings. He summarized midyear estimates for FY25–26, noting projected expenditures of about $22.7 million and a projected year-end unallocated balance after reserves.
Robert said the town’s general fund relies heavily on property taxes — “62% is, of our general fund revenues, property taxes” — and warned that below-the-line adjustments and county BLF (below-line funding) shortfalls have produced multi-year gaps totaling roughly $1.7 million over recent years. He also reviewed the…
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