Structural revenue review
Summary
Revenues are up $6.6 million thanks to transfer tax and the new Measure CL sales tax, but the city is spending $8.3 million more than it takes in this year, drawing reserves down to $118.8 million. A Howard Jarvis ballot measure could also wipe out transfer tax revenue.
At a glance
- Total mentions
- 5
- Last 30 days
- 1
Discussed at 1 meeting in the last 60 days; most recently Oct 13, 2026.
Impact analysis
General fund reserves fall $22.1 million this year to $118.8 million; ongoing spending exceeds revenue by $8.3 million.
Fire services get an ambulance; school district gets a $2.5 million donation; departments gain budget positions.
Taxpayers face a shrinking reserve cushion and potential future cuts; cannabis businesses face declining tax treatment.
Mentions & discussions (5)
City Council Meeting Agenda — October 13, 2026
A resident reported that at the Governance Subcommittee, the assistant city manager described the city's finances as a 'mess,' with standard reporting procedures unfollowed for at least two years. The new CFO proposed adding 15 finance staff.
FINANCE ADVISORY COMMITTEE — August 12, 2026
The Structural Revenue Review Ad Hoc Subcommittee was scheduled to present a discussion report on the city's long-term revenue health — a topic that goes to whether the city can sustain services without cutting them.
FINANCE ADVISORY COMMITTEE — June 10, 2026
A subcommittee is scheduled to report on its ongoing look at the city's long-term revenue structure — how the city brings in money versus what it spends.
City Council Meeting Agenda — February 14, 2026
The Council was scheduled to discuss the city's financial outlook, ways to raise revenue, and a framework for the Capital Improvement Plan. These choices shape what services and projects the city can afford in coming years.
City Council Meeting Agenda — February 9, 2026
Revenues are up $6.6 million thanks to transfer tax and the new Measure CL sales tax, but the city is spending $8.3 million more than it takes in this year, drawing reserves down to $118.8 million. A Howard Jarvis ballot measure could also wipe out transfer tax revenue.
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