Budget, pensions and oversight
Where it standsThe city closed the last fiscal year with a $1.96 million general fund deficit and carries a large pension liability.
What's on the tableHow the next council balances the budget, handles pension costs and oversees spending.
- Pacific Grove closed the last fiscal year with a $1.96 million general fund deficit. Carmel Pine Cone, Oct. 2, 2026, Eight vie for P.G. council seats · Oct 2, 2026
- The city's net pension liability is about $55 million, and roughly 20% of general fund spending last year went to pension costs. Carmel Pine Cone, Oct. 2, 2026, Eight vie for P.G. council seats · Oct 2, 2026
- The city has identified an estimated $21 million of unfunded infrastructure needs over the next 10 years. City of Pacific Grove, Funding Update (Measure R)