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Menlo Park council adopts mid‑year FY2025–26 budget amendments, cites $2.6M projected shortfall
Summary
Council unanimously approved staff‑recommended FY2025–26 mid‑year amendments that include $697,648 in changes to grants and benefits and a projected mid‑year shortfall of about $2.6 million; staff will monitor grant risk and present additional budget workshops in March–May.
Menlo Park’s City Council on Feb. 24 unanimously adopted mid‑year amendments to the FY2025–26 budget that adjust appropriations for grants, health premium contributions and election preparations and update revenue projections.
Assistant administrative services staff (recorded in the transcript as Fanley) and budget staff outlined the recommended changes: approximately $697,648 in adjustments tied to grant awards, health premium and election‑related costs, revisions to internal service fund assumptions for…
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