Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Finance staff: Measure M stabilizes Novato budget; council reviews FY 2026–27 assumptions
Summary
Staff told council that Measure M revenue is stabilizing the general fund and recommended allocations — streets and roads, reserves, pension set‑aside, and economic development support — while proposing a $150,000 facilities assessment to inventory deferred maintenance.
Finance staff presented the FY 2026–27 operating budget assumptions and an updated general fund forecast on April 14, emphasizing that Measure M has restored budget balance after prior deficits. Staff explained the forecast assumptions (modest revenue growth, cost inflation of roughly 0–2.5% on non‑labor items, MOUs covering salary increases through 2028) and showed scenarios with and without Measure…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
