The city budget
Where it standsThe council adopted the 2026-27 budget in June 2026 and set aside $1.6 million of projected surplus toward a forecast 2027-28 General Fund shortfall.
What's on the tableHow to close forecast deficits: new revenue, reserves, or spending cuts.
- The council also voted 5-0 to put an additional $1.6 million of projected 2025-26 excess revenue toward the projected 2027-28 General Fund shortfall. City Council special meeting minutes, 2026-06-09 · Jun 9, 2026
- City staff have forecast a deficit of over $19 million by 2031, driven mainly by rising labor and benefit costs. The Mercury News · Sep 21, 2026