FY 2027 Financial Policies and Council Budget Guidelines
approvedStatus set at City Council Meeting on Nov 18, 2025 · ▶ watch the moment
- Proposed
- Under review
- approvedNov 18, 2025
Summary
The FY 2027 Financial Policies and Council Budget Guidelines is a periodic policy document that establishes the financial policies and budget preparation guidelines the City will use in developing its FY 2027 budget. Suggested updates to the document were first introduced during a work session at the October 28, 2025 City Council meeting, where Chief Financial Officer JC Martinez presented the staff report and discussion occurred — including questions about real estate valuation methodology and how the penny's worth is calculated — but no formal action was taken. The item was subsequently placed on the consent agenda for the November 18, 2025 meeting, where Councilmember Peterson pulled it for separate discussion. Following that discussion, the Council unanimously adopted the proposed edits to the financial policies and the suggested budget guidelines, completing the approval process for use in FY 2027 budget preparation.
What members have said
At the November 18, 2025 meeting, Councilmember Peterson pulled the item from the consent agenda to allow for separate discussion before it was voted on, though no specific comments from Peterson are recorded beyond that procedural action.
Positions as recorded in meeting minutes; votes without recorded comment aren’t summarized.
Full history
[12c] Suggested updates to FY 2027 financial policies and budget guidelines discussed during work session; no formal action recorded.
[6e] Council unanimously adopted the proposed edits to the financial policies and the suggested budget guidelines to be used in preparation of the FY 2027 budget.
passedMotion to adopt the proposed edits to the financial policies and the suggested budget guidelines for FY 2027 budget preparation.✓ Amos✓ Bates✓ Hall✓ Hardy-Chandler✓ McQuillen✓ Peterson
Discussed alongside
Topics that come up in the same meetings.