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City staff gives midyear budget update; council approves consent items and staff recognitions
Summary
City staff presented a midyear fiscal report noting economic uncertainty and recommended several revenue and Measure Z adjustments; council asked clarifying questions, separated one item for later review and then approved the consent calendar and staff recommendations as recorded in the minutes.
City staff presented a midyear fiscal update for FY25–26, noting uncertainty from broader economic conditions and recommending adjustments to revenues and Measure Z expenditures to keep the general fund balanced.
Sergio Aguilar (city staff) summarized first-quarter activity and said the city recorded more than $12 million in project-related funding activity in the quarter. Staff outlined recommended adjustments and interfund transfers — including a…
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