Overview

• The council approved a $6.09 billion budget for fiscal 2026, including a $2.15 billion general fund, with the $258 million deficit covered by spending cuts and revenue adjustments.
• Funding was restored for key services, including full-day Monday hours at 14 library branches, extended recreation center operations and allocations for the Small Business Enhancement Program and Office of Race & Equity.
• New revenue measures raise expired parking meter fines from $42.50 to $54.50 and introduce a trash fee projected to generate roughly $80 million.
• Independent Budget Analyst Charles Modica cautioned that heightened economic volatility could jeopardize revenue projections underpinning the restored services.
• Mayor Todd Gloria has five business days to veto or amend line items before the July 1 start of the new fiscal year.