2025-2026 Mid-Year Budget Review.

The 2025-2026 Mid-Year Budget Review Report assesses the City of San José's budget condition for the current fiscal year, comparing it to the modified budget based on actual performance from the first six months. The report recommends budget revisions to align revenue estimates and expenditure budgets, address a projected revenue shortfall primarily in the General Fund, and fund urgent projects in Special and Capital funds. The report highlights anticipated revenue shortfalls in Property Tax and Utility Tax, with recommended cost-saving actions totaling $16.6 million. It also provides updates on various funds, including the General Fund and Special/Capital Funds, detailing revenue performance and necessary adjustments.

Key points

• The report is prepared by the Office of the City Manager and dated January 30, 2026.
• General Fund revenues are expected to be $15 - $20 million below budget due to lower Property Tax and Utility Tax revenues.
• Cost-saving actions totaling $16.6 million are recommended to offset the anticipated revenue shortfall.
• The City’s overall budget for 2025-2026 is $6.3 billion, aimed at delivering services to residents and businesses.
• Significant adjustments are recommended for various funds, including the Airport Operating Funds and San José Clean Energy Fund.

Limitations

• The text appears to be truncated, missing some details and sections.
• Specific dates, votes, dollar amounts, and outcomes are not provided.
• Some placeholders and unresolved sections are present, affecting the completeness of the summary.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

This memorandum from Councilmembers Doan, Campos, Candelas, and Ortiz addresses the 2025-2026 Mid-Year Budget Review Report. It recommends that the City Manager’s Office prepare an information memorandum by February 24, 2026, detailing the City of San José and Santa Clara County's efforts to address homelessness over the past five fiscal years. The memorandum should include data on housing and shelter production, funding expenditures, and service delivery related to homelessness. Additionally, it emphasizes the need to prioritize funding for Emergency Medical Services Field Coordination and a Mobile Integrated Health Care and Community Paramedicine pilot.

Key points

• The memorandum is dated February 6, 2026.
• It recommends preparing an information memorandum by February 24, 2026.
• The memorandum should cover the past five fiscal years regarding homelessness efforts.
• It includes specific data requests related to housing and shelter units, funding expenditures, and service delivery.
• It emphasizes the importance of understanding past investments and outcomes for future budget considerations.
• It calls for prioritizing funding for Emergency Medical Services Field Coordination and Mobile Integrated Health Care.

Limitations

• The text does not specify the total number of housing and shelter units produced or the funding amounts.
• There are unresolved placeholders regarding specific categories and details in the funding and service delivery sections.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

The memorandum from Councilmember Bien Doan recommends approving a change to the $15,000 funds originally allocated for the 'Celebrating Our Vietnamese Culture with a Tết Parade' to allow for broader use for other cultural events in District 7, including the Moon Festival and Black April. This change is proposed due to challenges in organizing the Tết Parade.

Key points

• The memorandum is addressed to the Mayor and City Council.
• It discusses the 2025-2026 mid-year budget review report.
• The original allocation of $15,000 was for a Tết Parade in Council District #07.
• The funds are proposed to be repurposed for other cultural events due to challenges in organizing the Tết Parade.

Limitations

• The document does not provide specific details about the challenges faced in organizing the Tết Parade.
• There are unresolved placeholders in the document, such as the date field.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

The document is a mid-year budget review for the 2025-2026 fiscal year, presented at a City Council meeting on February 10, 2026. It outlines the performance of operating and capital funds, noting that economic conditions are not conducive to significant revenue growth. The review indicates anticipated revenue shortfalls in the General Fund, primarily due to lower Property Tax and Utility Tax revenues, and recommends budget adjustments to address these issues. The document also discusses the status of selected capital funds and outlines the upcoming budget process for 2026-2027.

Key points

• Operating and capital funds are generally performing as expected, with some exceptions.
• Economic conditions are sluggish, with stagnant job growth and high office vacancies.
• Revenues in the General Fund are expected to be $15 - $20 million below budgeted levels.
• Cost-saving actions totaling $16.6 million are included to offset anticipated revenue shortfalls.
• Recommended budget adjustments include technical/rebalancing actions and clean-up actions.

Limitations

• The document does not provide specific dates for all budget adjustments.
• There are unresolved placeholders in the budget adjustment sections.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.

The source text indicates this attachment appears to be a draft document.

The District 7 Leadership Group submitted a public comment regarding their priorities and concerns for the upcoming city budget. They emphasize the importance of funding for housing and homelessness solutions, public safety, code enforcement, beautification efforts, libraries and community centers, parks maintenance, clean energy initiatives, and support for caregivers. They express appreciation for the city's efforts and urge the city to consider these priorities despite anticipated budget reductions.

Key points

• The District 7 Leadership Group represents community leaders and neighborhood associations.
• They express concerns about the city budget and its impact on community programs.
• Key priorities include housing and homelessness solutions, public safety funding, and code enforcement.
• They advocate for ongoing beautification efforts and support for libraries and community centers.
• The group emphasizes the need for improved maintenance of parks and recreational facilities.
• They encourage investment in clean energy and support for caregivers.

Limitations

• The text contains unresolved placeholders such as email addresses and names that are not fully specified.
• The document appears to be a draft as it includes indications of being a forwarded email.

Generated for convenience from extracted text using AI. Review the official source document before relying on this summary.