Title
Fiscal Years 2025-2026 and 2026-2027 Biennial Budget Public Hearing and Adoption: 1) Adopt a Resolution Approving the Proposed City of San Leandro Biennial Budget for FYs 2025-2026 and 2026-2027; 2) Adopt a Resolution Approving the Proposed Biennial Budget for the Successor Agency to the Redevelopment Agency for the City of San Leandro for FYs 2025-2026 and 2026-2027; and 3) Adopt a Resolution Approving the Proposed San Leandro Public Finance Authority Biennial Budget for FYs 2025-2026 and 2026-2027
Staffreport
SUMMARY AND RECOMMENDATION
Staff recommends that the San Leandro City Council conduct a public hearing and take public comment regarding Proposed Fiscal Years (FYs) 2025-2026 and 2026-2027 Biennial Budget. At the conclusion of the public hearing, the City Council may adopt by Resolution the proposed biennial budget.
Staff recommends that the City Council approve resolutions adopting FYs 2025-2026 and 2026-2027 Biennial Budgets as follows:
1. Resolution adopting the Proposed City of San Leandro Biennial Budget for FYs 2025-2026 and 2026-2027;
2. Resolution adopting the Proposed San Leandro Public Finance Authority Biennial Budget for FYs 2025-2026 and 2026-2027;
3. Resolution adopting the Proposed Biennial Budget for the Successor Agency to the Redevelopment Agency for the City of San Leandro for FYs 2025-2026 and 2026-2027
BACKGROUND
The City Council approved the last biennial budget for FYs 2023-2024 and 2024-2025 General Fund and other funds on May 15, 2023. Approved budgets are the annual expenditure plan and resource allocation guide that ensures the implementation of City Council policies and priorities. The budget implements the vision, values, and direction for the broad range of services while meeting the needs of the community in accordance with City Council policy.
Total proposed expenditure budgets for FYs 2025-2026 and 2026-2027 are $272.9 million and $265.1 million, with the General Fund contributing approximately 60%...
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