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San Ramon council adopts FY 2026'27 budget, citing continued reliance on Measure N
Summary
The San Ramon City Council adopted the fiscal year 2026'27 operating and capital budget on May 26, approving a plan that staff said balances the year with one-time Measure N receipts while launching a resiliency framework to reduce future dependence on that funding.
San Ramon Mayor Armstrong and the city council unanimously approved the City of San Ramon's fiscal year 2026'27 operating and capital budget on May 26, adopting Resolution No. 2026-066 and authorizing carryover project appropriations.
The budget presentation by finance staff member Yulia Elbow showed the city's combined operational funds total expected revenues of about $158,000,000 and estimated total expenditures of $115,700,000. Elbow said the FY27 budget still shows a structural deficit that is being addressed this year with one-time Measure N receipts: "Without the use of Measure N, the city is going to be in a deficit about almost $14,000,000," she said, adding that one-time funds allow a balanced budget for FY27 and a modest net increase in fund balance.
Council members and staff described the adoption as the result of several months of workshops and department-level reviews that altered assumptions about revenues and expenditures. Council discussion focused on the long-term structural gap and on work the staff will pursue under a "resiliency framework" to align recurring revenues and expenditures. The finance presentation identified the general fund as the largest fund by revenue and expenditure and detailed reserve calculations showing the city staying above the 36% reserve policy target.
Several members praised staff for the presentation and emphasized that the resiliency work will include reserve policy review, purchasing and operational policy changes, and a ten-year forecast. Resident speaker Johannes Tullahan also urged council to add balance-sheet metrics to long-term planning, citing multi-year downward trends in certain financial ratios.
The council moved, seconded and voted unanimously to adopt the fiscal year 2026'27 budget. The resolution also established the Gann appropriations limit as required by state law and authorized carryover of unspent capital appropriations. City staff said they would return with implementation steps under the resiliency framework in the months following adoption.
What happens next: staff will begin policy work (reserve and purchasing policies) and scheduling follow-up workshops on the resiliency framework to identify sustainable revenue and expenditure changes beyond one-time Measure N receipts.
