Foster City staff outline biennial budget and a larger CIP driven by parks master plan

Summary

Finance and public‑works staff presented a biennial budget and a 5‑year CIP of 57 projects and a 15‑year projection that would raise the proposed annual general fund transfer to CIP from $5.65M to $6.5M over several years; council questioned project timing, lagoon dredging, EV fleet costs and IT security funding.

Foster City staff presented a study‑session overview of the city and district biennial budget for fiscal years 2026–27 and 2027–28, emphasizing capital needs driven by an updated parks master plan and an evolving transition to electric vehicles in the city fleet.

Nate Cruz, the finance director, said the city is proposing a biennial budget with no new utility rates for now and a separate timetable for parks fees. On the capital side, Cruz recommended a transfer from the general fund to the capital improvement program starting at $5,650,000 in the first year with annual increases of $150,000 that would stabilize near $6,500,000, noting that updated parks project estimates added about $8,500,000 to the 15‑year CIP. "We're recommending a transfer from the general fund of 5,650,000 in the first year and increasing that by 150,000 per year... and then it stabilizes at $6,500,000," Cruz said.

Public‑works staff presented the…

Foster City staff outline biennial budget and a larger CIP driven by parks master plan

Summary

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