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Item 23 - Public Hearing - Ordinance to Adopt the FY 2026-27 Budget, Resolution Changes to the City’s Classification & Compensation Plan, Uniform Schedule of Misc Fees, 7-Year Capital Improvement Program, and the City’s Annual Update
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Item 23 - Public Hearing - Ordinance to Adopt the FY 2026-27 Budget, Resolution Changes to the City’s Classification & Compensation Plan, Uniform Schedule of Misc Fees, 7-Year Capital Improvement Program, and the City’s Annual Update
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6/3/2026 11:28:48 AM
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City Clerk
Agency
Finance & Management Services
Item #
23
Date
6/2/2026
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TotalBalancing Measures Proposed Budget Total Recurring Revenues 425,234,698 2,115,082 427,349,780Total FY2026-27 Spending Baseline (Recurring)(438,277,270) 10,927,575(427,349,695)Estimated Deficit (13,042,572)$ 13,042,657$ 85$ Estimated Ending Balance as of June 30, 2026 (as reported in the Mid-Year Budget Update on March 3, 2026)86,109,761Less 18% Reserve*(76,922,961)Proposed One-Time Spending(7,686,800)Proposed FY26-27 Contribution to Pension Stabilization Account(1,500,000)Estimated Available Spendable Balance (One-Time) 0$ General Fund Budget Summary3
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