Mountain View is preparing to approve a narrowly balanced budget amid an economic slowdown and potential federal funding cuts. Revenues for the general fund are projected at $195.7 million, with expenditures at $195.4 million, leaving a slim operating balance of $232,000. While the budget is structurally balanced for 2025-26, future modest deficits are expected due to declining business and sales tax revenues. However, property tax and lease revenues are growing, and a newly enacted property transfer tax may offer additional funds, though the flow could be unpredictable.
Our budget is less robust than it has been in prior years... We're not experiencing the revenue growth that we saw the last few years.
The budget is structurally balanced for the 2025-26 fiscal year, but modest deficits are anticipated down the road.
The city continues to see growth in its property tax and lease revenue, which are major sources of revenue.
The property transfer tax is expected to funnel $8 million to $9.5 million annually to the city's coffers, depending on the number of transactions.
Collection
[
|
...
]