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Nevada City council adopts balanced $18.8 million budget, approves CIP and related measures
Summary
The Nevada City Council approved the city's FY 2025'26 operating budget and five-year capital improvement program, keeping the general fund balanced while funding roughly $5.9 million in CIP projects and a 10% employee COLA effective July 1.
Nevada City officials on Wednesday adopted the city's fiscal year 2025'1, operating budget and a five-year capital improvement program, approving a set of related resolutions by unanimous vote.
City Manager Sean Grayson and finance staff told the council the citywide revenue estimate is about $19.1 million against budgeted expenses of about $18.8 million. General fund revenues and expenses are each estimated at roughly $7.44 million, leaving a small positive delta of about $5,800. Staff presented a capital program of roughly $5.9 million for the year, with about $3.8 million earmarked for streets, roads and sidewalks.
"We're estimating revenues citywide at approximately $19.1 million with total budgeted…
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