Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
East Palo Alto adopts midyear budget amendments, staff warns gains include one-time revenue
Summary
The council adopted midyear budget amendments after Finance Director Tomo Oku reported a $6.3 million one-time surplus in FY24–25 and warned that structural deficits and timing of reimbursements (including impacts from SB 937) create fiscal risk.
The East Palo Alto City Council voted to adopt midyear budget amendments after a presentation from Finance Director Tomo Oku that detailed both a one-time surplus and several structural risks.
Tomo told the council the city closed FY24–25 with a $6.3 million surplus but cautioned those gains were driven largely by nonrecurring factors, including salary savings and higher-than-expected vehicle license fee and property tax…
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
