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Montclair council adopts FY2025–26 budget but reserves fall short of city goal
Summary
The City Council adopted a balanced FY2025–26 operating budget (5–0) that projects a $540,554 net surplus and a $6.5 million unassigned reserve (16.55% of appropriations), below the council's 25% target; officials warned rising CalPERS costs and slower tax receipts will shape future budgets.
The Montclair City Council voted unanimously to adopt the city's FY2025–26 operating and housing authority budgets, approving a plan that staff says produces a modest net excess while leaving the city's unassigned reserve below policy targets. The electronic vote recording shows adoption 5–0.
City staff presented a budget that projects a net excess of general fund revenues over appropriations of $540,554 and an estimated unassigned general fund reserve of about $6,500,000 at June 30, 2026, equal to roughly 16.55% of operating appropriations, below the council's stated 25% minimum. "The fiscal year 2025–26 budget, as presented, has a net excess of general fund revenues over general fund operating appropriations in the amount of $540,554," the presenter said during the overview.
Why it matters: council members and staff said the city…
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