Stabilization Fund Transfers for FY27 Revenues and Deficits

At a glance

• What: The mayor and interim CFO asked to move $18,184,462.35 out of the Pension Stabilization Fund to cover FY27 revenues ($4,302,507.00) and prior deficits (CARES Fund $3,791,386.95; non-net school spending $4,787,311.66; desalination $2,000,000; snow and ice $453,256.74; Law workers' compensation $2,200,000; Law supplies $500,000; Auditor mail $150,000), plus a $27,511.93 transfer from the Stabilization Fund to departments.
• Where it stands: On the October 26 council agenda; the Finance Committee took it up on November 2 and reported both transfers favorably; the full council has them on its November 9 agenda. The CFO warns reserves are depleted and the tax rate certification is at risk. The council vote is not yet known.

Built from posted agendas only; see also Schedule 19 Pension Charges and City Budget Gap.

Sources

• 2026-11-09 - City Council
• 2026-10-26 - City Council
• 2026-11-02 - Finance Committee

Log

• 2026-10-26 - City Council - Communications received (agenda). The CFO could certify FY27 only.
• 2026-11-02 - Finance Committee - On the committee agenda.
• 2026-11-02 - Finance Committee - Per the November 9 council agenda, the committee reported the $18,184,462.35 Pension Stabilization transfer and the $27,511.93 Stabilization Fund transfer FAVORABLE.
• 2026-11-09 - City Council - Committee reports listed under unfinished business.