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Stockton council accepts third-quarter budget report and authorizes $12.2 million in carryovers
Summary
Council accepted the FY24-25 third-quarter status report and authorized up to $12,233,179 in budget appropriations to carry forward into FY25-26 for previously approved projects; vote was 7-0.
The Stockton City Council unanimously accepted the fiscal-year 2024-25 second- and third-quarter financial status update and authorized carryover appropriations for identified projects.
Brandon Sepulveda, interim budget officer, reported that general fund revenues through March 31 were $206.1 million (64% of the $319.8 million budget) and the year-end projection was $332.5 million, about $12.7 million…
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