Agenda Date: 04/07/2026
Subject:
Title
2026 Budget Update and 2027 Budget Process overview and Policy Goals Discussion
Body
From:
James L. Becklenberg, City Manager
Prepared by:
Laurie Matta, Finance Director
Kevin Orton, Budget Manager
Presentations:
Kevin Orton, Budget Manager
PURPOSE:
Informational briefing updating City Council on preliminary 2025 actuals, an update to the 2026 budget and five-year model, briefing on the 2027 budget process and policy discussion, and an update on the Priority Based Budgeting Process.
LONG-TERM OUTCOME(S) SERVED:
High-Quality Governance
DISCUSSION:
This briefing will provide City Council a budget update:
* Budget and five-year model update
* 2027 budget process and policy discussion
* Update on the Priority Based Budgeting process
Budget and five-year model update
An informational briefing will be provided to City Council on an update to the 2026 budget and five-year model.
2027 budget process and policy discussion
The City Charter requires the City Manager to present the annual proposed budget by September 15th and City Council is required to adopt the budget 30 days prior to the beginning of the fiscal year. This briefing will include a discussion on the budget strategy for 2027 budget planning.
Update on the Priority Based Budgeting process
The City launched Priority Based Budgeting (PBB) in 2017 to enhance the connection of budget to with Council priorities. The program was paused in 2022 to focus on completing Horizon 2027 and implementing the Workday ERP, based on competing workload requirements for these initiatives and workload that would be required to advance PPB to the next steps of functionality for the organization.
Since then, the City continued applying PBB principles, voters approved new funding sources and subsequent programs (Capital Improvement Sales Tax, Lodgers Tax, and an additional dedicated Marijuana Tax), completing the Horizon 2027 Strategic Plan, undertaking the Project Downtown public...
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