Mark Stapp

Moody's credit rating upgrade to Aa1

A higher rating lowers the city's borrowing costs on future debt.

Municipal Debt Strategy for Infrastructure

A $35 million wastewater bond is imminent; broader borrowing could fund streets and city hall but adds debt service.

Measure Q tax measure endorsed by police union

Would generate about $46 million annually — roughly $23 million more than the current half-cent tax.

Appointment of Interim City Manager

The city manager's contract and salary will affect the city budget once a hire is announced.

FY 2026-27 city budget adoption

A $13.8 million ongoing deficit by 2029-30, with the Measure Q half-cent sales tax sunset in 2030-31 removing another $25 million.

Pension debt: CalPERS Fresh Start

Saves about $3.8 million next year and $36.6 million over the program's life.

Structural budget deficit

A projected $15-20 million shortfall means more service cuts or new revenue are on the table for next year's budget.

Appointment of City Attorney

November 2026 city council election

Election costs shared with the county through consolidation.

City workforce vacancies and AB 2561 reporting

Vacancies and a soft hiring freeze tie into the city's budget deficit; understaffing raises contract and overtime costs.

$17.5 million General Fund deficit

A $17.5 million deficit with $4.3 million in department cuts proposed — services residents rely on could shrink.

Settlements and active litigation

Nearly half a million dollars in settlements paid from city funds in one month.

Property Tax Disparity Under Proposition 13

Staff estimated the city loses over $20 million a year versus agencies keeping 20% of property tax.

2026 Federal and State Legislative Platforms

Millions in federal and state grant funding flow from these priorities — including $2.3 million expected for the Llano Trunk Line.