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Carlsbad city presents midyear economic and budget update; council approves modest one‑time appropriations
Summary
City staff presented a second‑quarter FY25–26 economic update and midyear budget review. The council unanimously approved staff’s recommended resolutions, including $150,000 for temporary ambulance coverage and $200,000 for a medical‑transport reimbursement program, with other non‑general fund requests totaling roughly $275,000.
City economic development director Matt Sanford and Finance Director Zach Korach presented the second‑quarter FY25–26 economic and midyear budget update, reviewing economic indicators and recommending limited one‑time appropriations.
Sanford said Carlsbad’s 2025 gross regional product was estimated at $18.7 billion and noted sectoral differences: hospitality, tourism, real estate and health expanded modestly while some manufacturing and R&D segments softened. He said unemployment in the region remained under 5 percent and…
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