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Martinez staff warns of a $1.4 million structural gap for FY26-27; council asks for detailed cuts and revenue options
Summary
City staff presented a preliminary FY26-27 general fund outlook showing $38M in revenues and $39.4M in expenditures, a structural deficit of about $1.4 million driven by slow property/sales tax growth and rising labor, pension and utility costs; council requested a detailed, tabular workshop on May 20.
City staff gave a preliminary look at Martinez's FY26-27 general fund on April 15, projecting roughly $38 million in revenues and $39.4 million in expenditures and identifying a $1.4 million structural deficit.
Mike (S15), presenting the outlook, said the largest revenue driver is property tax, which staff's consultant projects at a modest 1.89% increase next year. Finance Director June…
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