FY 2026-27 and 2027-28 budget adoption
Summary
The city's new two-year budget barely balances while revenue growth has stalled at about 1% — and FY 26 could end roughly $5 million in the red. Big-ticket items like the $4.6M Sunset Strip Music Festival and the $22M Sky Sanctuary are on the chopping block for review before adoption on June 15.
At a glance
- Total mentions
- 2
- Last 30 days
- 0
Last discussed Jun 15, 2026.
Impact analysis
Projected ~$5 million FY 26 deficit and $187.5 million in unfunded capital projects over five years.
Residents get a transparent, department-by-department look at where city money goes.
Departments and programs absorbed cuts, and some residents worry signature events and services will shrink.
Mentions & discussions (2)
Adjourned Regular City Council Meeting - Jun 15, 2026
The Council adopted a structurally balanced two-year budget with amendments favoring local business marketing and the cannabis tax rebate, funded largely by cutting the Sunset Strip Music Festival contingency. Oversight of travel, events, and capital projects was delegated to the budget subcommittee.
City Council (Regular) - May 18, 2026
The city's new two-year budget barely balances while revenue growth has stalled at about 1% — and FY 26 could end roughly $5 million in the red. Big-ticket items like the $4.6M Sunset Strip Music Festival and the $22M Sky Sanctuary are on the chopping block for review before adoption on June 15.
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