The Antioch City Council has unanimously approved the city’s budget for the 2025-26 fiscal year, despite facing a significant deficit. Initially projected at $24.3 million, thorough evaluations and adjustments brought it down to $7.7 million after utilizing funds from the Budget Stabilization Fund. Key issues include slow revenue growth, rising expenses, and uncertainties regarding federal funding. City officials are committed to addressing these challenges while aiming to limit the use of reserves for the future budget, as highlighted by City Manager Bessie Scott and Finance Director Dawn Merchant.
City Manager Bessie Scott emphasized that although they reduced the budget deficit to approximately $7.7 million, numerous budgetary challenges persist, including slower revenue growth and rising costs.
Scott highlighted that key revenue sources like cannabis and sales taxes are experiencing only moderate growth due to ongoing economic uncertainty and shifting consumer habits.
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