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Finance staff previews general fund forecast: small surplus in 2026, balanced 2027 under current assumptions, deficit in 2028
Summary
City finance presented an updated general fund forecast driven by modest sales-tax growth, slowing declines in interest earnings, and updated property-value assumptions; staff projected a small 2026 surplus, a balanced 2027 and a 2028 deficit under current wage and operating assumptions.
Finance staff (speaker 14, Elizabeth) presented an updated general-fund forecast and the budget calendar for the 2027 budget cycle.
Staff said the 2026 starting point is the adopted 2025 budget and that updated revenue assumptions—3—3.2% sales-tax growth assumptions and a slower decline in interest earnings—improve…
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