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Staff previews FY27 draft budget and cites $150,000 in card-processing savings
Summary
Staff presented an early draft of the FY27 budget, projecting modest revenue growth and highlighting a change in credit-card processors that is expected to save approximately $150,000 annually.
Staff presented a first look at the FY27 draft budget and emphasized it is an early draft in a process that continues through December. They described modest revenue growth assumptions (about 1.6% over this year's projection) and said the November meeting will give a firmer revenue picture once the May-to-October season is fully in the bank.
Staff also highlighted a significant expense reduction from switching credit-card processing companies. As staff put it, the change is expected to save roughly $150,000 this year by moving to a lower contract rate (cited as roughly 2.9% vs. much higher prior rates). The savings were presented as one reason the draft budget shows a projected positive net position.
