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Guadalupe staff introduce $12.86 million tentative FY2026/27 budget; forecast shows recurring shortfalls
Summary
Staff introduced a Tentative FY27 Town Budget totaling $12,857,173 and a Five‑Year Financial Forecast that projects annual expenditures exceeding revenues; adoption of the tentative and final budgets is scheduled for May 27 and June 25, 2026.
Town staff presented the proposed Tentative Fiscal Year 2026/2027 Town Budget to the Guadalupe Town Council on April 23.
The proposed Tentative FY27 Budget totals $12,857,173. Council materials note that proposed FY27 General Fund expenditures exceed projected General Fund revenue collections, and the attached Five‑Year Financial Forecast projects expenditures exceeding revenues each year. The agenda lists adoption dates for the Tentative and Final Budgets on May 27, 2026, and June 25, 2026, respectively.
Council received the budget introduction and may provide direction to the town manager; the transcript does not record a formal adoption at this meeting, which is the introduction stage of the budget process.
