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Board accepts draft FY 2026–27 budget for revision, flags Fairfax impacts
Summary
The board accepted the draft FY 2026–27 budget for staff refinement in June, while staff warned that Fairfax project decisions will raise the capital program and require reconciliation before final adoption.
Chief Finance Officer Victor Damiani presented the district’s draft FY 2026–27 budget to the board and asked the board to accept the draft so staff could finalize a balanced budget for adoption in June. The draft, as presented, showed roughly $41 million in expenditures and $44 million in revenue for a positive net position; staff said several numbers are likely to increase, notably capital spending due to the Fairfax project and revised JPA charges and personnel costs.
Damiani outlined the enterprise funding table, main revenue sources (5% sewer service charge increase and 4.5% property tax growth), and the likely revisions to capital reserves once Fairfax construction and associated costs are incorporated. Board members confirmed that staff will reconcile May and June budget drafts and requested final numbers by June 1; the motion to accept the draft and direct staff to prepare the final budget passed unanimously.
