FY2026 Carryover and Stabilization Funds Waterfall
At a glance
What: Allocation of the fiscal year 2026 General Fund carryover of $23.2 million under the stabilization funds policy.
Where it stands: The implementing ordinance was put on for passage by the Budget, Finance & Governance Committee; a motion to allow some operating use of the bottom-of-waterfall money was held.
Staff reported the $23.2 million carryover, with $2.9 million replenishing the weather reserve, $5 million to affordable housing, $2 million to pensions, $500,000 each to operating contingencies and special events, and $1.5 million each to the infrastructure and housing/economic development reserves. The Vice Mayor asked for flexibility to use part for operations such as rental assistance.