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Calabasas council adopts FY2025–26 budget with cost reallocations, limited reserve use
Summary
The City Council approved the fiscal 2025–26 budget after adopting a cost-allocation plan that shifts about $1.6 million in expenses from the general fund, enacting $375,000 in operational cuts and authorizing roughly $98,000 from reserves to close a near-$100,000 gap. Council also prioritized capital projects and directed staff to study new revenue options.
The Calabasas City Council on June 11 approved the city's fiscal year 2025–26 budget, endorsing a package of cost reallocations, spending cuts and a modest draw from reserves intended to close a remaining shortfall of about $100,000.
City Manager Kinden Meek told the council the draft budget began with roughly $30 million in revenues and $32 million in expenses, producing about a $2.1 million deficit. The budget committee recommended a three-part approach: implement a cost-allocation plan to distribute roughly $1.6 million of personnel and operating costs to other funds; identify $375,000 of discretionary operational savings; and, as a last resort, authorize use of approximately $98,465 of general fund reserves. Council…
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