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Menlo Park projects $2.6 million mid-year deficit; council adopts amendments
Summary
City staff presented mid-year FY2025-26 amendments that increase appropriations by $5.2 million and revenues by $3.4 million, leaving a projected $2.6 million general-fund deficit; Council unanimously adopted the amendments and directed staff to return with detailed options.
Menlo Park city staff told the City Council on Feb. 24 that mid-year refinements to the fiscal year 2025-26 budget would increase appropriations and leave the general fund with a projected $2.6 million deficit.
Assistant Administrative Services Director Fenny Lay said the proposed expenditure amendments net to $5.2 million, while recommended revenue adjustments total about $3.4 million, producing the additional deficit. "With $82 million in revenue and $84.6 million in expenditures, we're projecting a deficit…
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