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Richmond adopts FY2025–26 midyear budget adjustments, adds $1.4M from utility users tax
Summary
Council received the midyear financial report and unanimously adopted staff's proposed midyear adjustments, including a $1.4 million positive revenue adjustment to utility users tax allocated to capital and maintenance priorities such as park play-structure replacements and Richmond Art Lighting shortfall.
The City Council voted unanimously to receive the fiscal year 2025–26 midyear budget review and adopt proposed adjustments to general fund and non-general fund appropriations.
Director of Finance Emily Combmes presented the midyear financial snapshot and recommended a $1.4 million positive adjustment in utility users tax revenue. Staff proposed matching appropriations that include $347,595 for park play-structure replacements, $700,000 for a shortfall in Richmond Art Lighting Phase 3, and several facilities maintenance items (SEG 803–814).
Combmes and deputy staff outlined that the city continues to operate with long-term fiscal pressures — aging infrastructure, pension and OPEB liabilities, and modest revenue growth — while maintaining a target reserve around 21 percent (SEG 717–724, SEG 770–773). The council asked staff for clarifying details on line items and capital projects; staff agreed to follow up with project-specific contingencies and timelines (SEG 895–907, SEG 946–960).
After public comment and brief council questions, Council Member Jimenez moved and Council Member Wilson seconded; the motion passed unanimously (roll call recorded in the minutes). Staff said the midyear adjustments will be reflected in Q3 reporting and inform the FY 2026–27 budget work to be presented in April–June (SEG 978–1039).
