Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Get email alerts on the Municipal Budget topic
No spam. Unsubscribe anytime.
Reno projects $7.3 million in FY26 savings, proposes $335 million FY27 general fund budget
Summary
Finance Director Vicki Van Buren told the On the Agenda podcast the city expects approximately $7.3 million in FY26 general fund savings and is proposing a balanced FY27 general fund budget with roughly $335 million in resources and expenses; Council will discuss debt and long-term planning at the May 6 meeting.
Reno expects to end fiscal year 2026 with about $7.3 million in general fund savings and is proposing a balanced fiscal year 2027 general fund budget of roughly $335 million in revenues and $335 million in expenses, City Finance Director Vicki Van Buren said on the city's On the Agenda podcast.
"In simple terms, it means that we're bringing in a little more than expected and spending a little less," Van Buren said, summarizing the FY26 variance that produced the projected savings. She told host Diego Sarasua that stronger-than-expected revenues in some areas, including "C tax and business licenses," combined with lower salary, benefits and operating costs in departments, produced the savings estimate of approximately $7.3 million.
For FY27, Van Buren said the city used a mix of reduced spending, modest revenue adjustments and a portion of one-time FY26 savings to close the initial gap and propose a balanced general fund of about $335 million. She emphasized the proposal relies on projections and that revenues depend on economic conditions; Council will hold a deeper discussion on debt and long-term financial planning at its May 6 meeting.
Van Buren also explained differences between the general fund and the Redevelopment Agency (RDA), noting the RDA is funded primarily through tax-increment revenue that is reinvested within redevelopment areas. She said redevelopment debt "may soon be paid off" and that the RDA could eliminate remaining debt as early as the first quarter of FY27, which would free future tax-increment revenue for new projects.
Assistant City Manager J.W. Hodge previewed items for the May 6 Council meeting mentioned on the podcast, including a potential contract for park path repairs at Dorothy McCullen Park funded through Community Development Block Grant funds; a grant to expand the rolling recreation program at Yori Park in Ward 3; and discussion of code enforcement services.
Council is scheduled to consider the FY27 proposal during its upcoming budget process; the city posts staff reports and budget materials at reno.gov.
