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City Council approves midyear budget reallocations after midyear report shows near‑term improvement to $1.8M projected deficit
Summary
City officials presented the FY 2026 midyear budget monitoring report showing an initial $16.8M shortfall narrowed to about $1.8M after recent revenue updates; council approved staff recommendations to reallocate appropriations to cover department needs without increasing the bottom line.
The San Diego City Council on Feb. 23 approved staff recommendations tied to the fiscal year 2026 midyear budget monitoring report after finance department staff and the independent budget analyst outlined a tightening fiscal picture.
Ben Battaglia, director of finance, and Chris Purcell, financial operations manager, told the council the midyear report initially projected a $16.8 million deficit driven by a $13.6 million revenue decline and about a $3.2 million rise in expenditures, largely personnel costs and overtime. Finance officials said new information — including an anticipated $8 million insurance reimbursement tied to flooding at the old Central Library, a revised SDG&E franchise‑fee payment expected to add about $6 million, and an additional sales tax distribution of roughly $2.6 million — reduced the projected shortfall to about $1.8 million.
“Since the release…
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