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Vallejo staff outlines $28.5 million FY26–27 shortfall; council weighs property transfer tax, streaming tax and Measure P shifts
Summary
City staff presented a baseline FY26–27 general fund showing an estimated $28.5 million deficit, proposed balancing strategies including three property transfer tax scenarios, a possible utility-user tax on streaming services enabled by a favorable court decision, fee updates, and Measure P reallocations.
City staff told the Vallejo City Council the FY 26–27 baseline general‑fund model shows an estimated structural shortfall of about $28.5 million after recent adjustments. Acting City Manager Nangula Conley and finance staff recommended presenting a balanced proposed budget per charter while returning with amendments after the incoming city manager reviews options.
Finance staff described revenue assumptions and expenditure baselines: modest increases in property tax and transaction/use tax assumptions, declines in business‑license and transient‑occupancy tax receipts, and a range of program revenue and fee assumptions. Pension and unfunded liability figures were highlighted as major structural pressures in the baseline.
To address the…
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