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Chino Valley staff projects narrow surplus, flags PFAS cleanup cost and a personnel freeze decision
Summary
Finance staff presented updated revenue projections and a draft FY 26-27 budget that shows a small general fund surplus (~$62,000) but a planned draw on fund balance of roughly $3 million; council debated a soft vs hard freeze on three positions and discussed potential WIFA loan exposure if Brightstar PFAS remediation costs rise to $10 million.
Town finance staff walked the council through updated revenue and expenditure estimates for the FY 26-27 draft budget, saying ongoing revenues for 25/26 are estimated at about $24.07 million and that the town's draft budget at present shows a small general fund surplus of roughly $62,000 but an overall planned draw on fund balance of about $3 million that would leave an estimated ending balance near $10 million.
Staff emphasized several one-time and contingent items that materially change the draft: (1) the Brightstar PFAS…
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