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Finance director presents balanced tentative FY26 budget, warns of lease-revenue reliance
Summary
Boulder City staff presented a tentative FY26 budget balanced on lease revenues and fund balance, projecting a multi-year gap until additional solar and battery lease income begins in 2029; staff recommended tapping fund balance in the near term while asking council to revisit reserve ceilings and fund rules.
Finance Director Cynthia Snead and Budget Manager Angela Manninen presented a tentative fiscal year 2026 budget that staff described as balanced but structurally reliant on lease revenues and prior-year savings.
"I'm Cynthia Snead, your finance director, and… pleased to to bring forward the tentative budget, which is a a balanced budget," Snead said, warning council that lease revenue makes up roughly 35% of the general fund and that rising retirement contributions and labor costs are increasing…
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