FY 2025-26 Mid-Year Budget Modifications
Summary
Better-than-expected hotel and property tax revenue trimmed the projected operating deficit to about $1.5 million, and the city is still meeting its 25% reserve goal — but Council members warned big capital costs (Lovers Point breakwater, Chautauqua Hall) are coming.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Mar 18, 2026.
Impact analysis
About $700,000 more revenue than budgeted, with $294,000 in added spending — still a $1.5 million projected deficit.
All residents benefit from maintained reserves and conservative budgeting.
Mentions & discussions (2)
City Council Regular Meeting — March 18, 2026
Council adopted Ordinance No. 26-007 adjusting the operating and capital projects budget and employee position allocations for the current fiscal year.
City Council Regular Meeting — March 4, 2026
Better-than-expected hotel and property tax revenue trimmed the projected operating deficit to about $1.5 million, and the city is still meeting its 25% reserve goal — but Council members warned big capital costs (Lovers Point breakwater, Chautauqua Hall) are coming.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
The weekly brief for Pacific Grove
What the council decided, in plain English — one email a week.
Free. Unsubscribe with one click any time. We never sell your email.