Fiscal 2026-27 and 2027-28 electric and water budgets
Summary
The board was scheduled to recommend two-year budgets for the electric and water funds, with annual operating and capital spending topping $640 million combined. The gap between revenues and spending would be covered by bond proceeds and reserves.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed May 19, 2026.
Impact analysis
Two-year spending plans topping $1.2 billion across the electric and water funds, drawn from revenues, bonds and reserves.
All Riverside electric and water customers benefit from planned capital improvements and service investment.
Residents who use Public Works, General Services, park security, senior programs, and nuisance abatement services.
Mentions & discussions (2)
City Council — May 19, 2026
Riverside faces a $27 million year-one and $34 million year-two deficit. The plan cuts costs, freezes 38 positions (none sworn), and leans on reserves — but council members fought over cuts to Public Works and General Services, and a public hearing is set for June 23.
Board of Public Utilities — April 13, 2026
The board was scheduled to recommend two-year budgets for the electric and water funds, with annual operating and capital spending topping $640 million combined. The gap between revenues and spending would be covered by bond proceeds and reserves.
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