Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Larkspur staff present five‑year budget outlook showing modest FY 2026–27 shortfall; reserves earmarked for CalPERS relief
Summary
Administrative Services Director Emilia Gabrielle presented a five‑year general fund forecast showing an estimated FY 2026–27 operating gap of about $486,000. Staff cited rising public-safety and pension costs as pressure points and noted a $2.5 million contingency set aside for CalPERS unfunded liability.
At the March 30 special meeting, Administrative Services Director Emilia Gabrielle presented the city’s five‑year financial outlook for fiscal year 2026–27 through 2030–31.
Gabrielle said the city projects roughly $27.52 million in revenue and transfers and $28.01 million in expenditures and transfers for FY 2026–27, producing an estimated operating shortfall of about $486,000. Property tax is the largest revenue source at roughly 65 percent of general fund revenue (about $17.4 million); sales tax is projected near $3.2 million and transient‑occupancy tax (TOT) showed recent softness.
“T…
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
