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City manager previews FY 2026-27 budget and flags 2028 sales-tax sunset; council asks for non-regressive revenue options
Summary
The city manager presented a fiscal-year 2026-27 budget overview that must be adopted by June 30, 2026, warned a 10-year, 0.75% sales-tax measure expires in 2028 and the council asked staff for analyses of vacancy taxes, property-transfer fees and other non-regressive revenue options.
City Manager provided an overview of the fiscal-year 2026-27 budget and warned the council of a timing challenge related to a sales-tax measure scheduled to expire in 2028.
"The fiscal year 26, 27 budget must be adopted by 06/30/2026," the city manager said, and described the budget year covering July 1, 2026 through June 30, 2027. He said the city's revenues are sensitive to…
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