2:06 → 2:56(50s)
Chair (as recorded in roll call) announces the City Finance Committee meeting and requests roll call; committee members Herman, Santa Maria (vice chair), and Friedman are recorded present. Public comment period opened and then closed early as commenters reserved comments for specific agenda items.
Santa Barbara City Finance Committee received a sobering Q2 financial review showing a projected $8.7 million structural deficit for FY2026, discussed a range of budget-balancing options (including tax measures and reclassifications), reviewed an EIFD feasibility study and staff recommendation to pursue Measure C debt financing instead, and forwarded a cannabis tax increase proposal to the City Council with medicinal storefronts excluded for further refinement.
