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Saratoga staff say cautious optimism at midyear gives way to a $1M preliminary shortfall for 2027
Summary
City finance staff presented a midyear update showing steady revenues and healthy reserves (~$20M) but warned a proposed sheriff contract increase and rising expenses could create an estimated $1,000,000 preliminary deficit for 2027 without further adjustments.
City finance staff presented a midyear financial update at the January retreat showing that fiscal year revenues finished steady, expenses were under control and reserve policies had been met — but a looming increase in the sheriff contract and other cost pressures mean city leaders face choices for next year.
Ryan, presenting the forecast, said ‘‘the vast majority of our revenues are derived directly from property tax — about 60 percent’’ and that charges for services have risen (now about 20 percent of general fund receipts, roughly $4,000,000). He…
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