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Advisory committee, staff warn Piedmont’s facilities capital reserves will shrink without new revenue
Summary
The Budget Advisory and Financial Planning Committee and staff told the council that the facilities capital fund will decline under the proposed FY2025–26 plan and that the city may need new revenue sources — including consideration of a transfer‑tax ballot measure — to address large upcoming projects.
Frank Ryan, chair of Piedmont’s Budget Advisory and Financial Planning Committee, told the council the committee concurs with the proposed general‑fund approach but repeatedly flagged the facilities capital fund as a long‑term concern. "It looks like there is more stress coming down the line for the city," Ryan said, noting long‑range projections show declines in capital balances.
Public Works Director Dana Gonzales explained the proposed facilities master plan evaluates each building for current code and usage needs (ADA, fire‑safety, life‑safety upgrades) and separates routine maintenance from capital improvements. Staff and committee members said many large needs will likely require debt financing or new revenue streams. Staff suggested transfer‑tax adjustments or other avenues as options to replenish capital reserves; the council asked staff to prepare timeline and options for any ballot measures and to return with tradeoffs at the next hearing.
