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Ventura’s finance team proposes $516.2M FY2027 budget prioritizing water projects and maintenance
Summary
City staff presented a $516.2 million FY2027 proposed operating and capital budget that reduces near‑term CIP spending by about $63 million (timing), reserves $153 million for the general fund, advances major water projects and schedules public review in May and a June 9 public hearing.
City budget staff presented a $516.2 million proposed operating and capital improvement budget for fiscal year 2027 and asked the Finance, Audit and Budget Committee to receive the proposal and direct next steps toward a May 19 workshop and a June 9 public hearing.
Finance officials said the proposed budget shows a roughly $121.1 million decrease in current year spending compared with FY2026 largely because the timing of major capital projects (the ocean outfall, membrane bioreactor and advanced water purification work) shifted significant construction appropriations into prior years. The proposed citywide total is $516.2 million, with capital funds the largest category (about $186.6 million or 36% of the total) and the general fund proposed at $153 million.
Deputy finance staff and the budget team — identified in the presentation as Greg…
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