Los Gatos is confronting serious budget issues with a projected deficit of $2 million for the fiscal year 2025-26, leading the Finance Commission to recommend cuts to services rather than using reserves. Deficits over the next five years could range between $5 million to $6.5 million, mainly due to rising employee costs. Proposed budget cuts include $84,000 in library materials and $500,000 in emergency management funding. Town Manager Chris Constantin emphasizes a balanced approach, aiming to minimize service impact while enhancing financial flexibility.
I'm trying to build as much financial flexibility today as we possibly can, because tomorrow you'll have less, (and) the day after less.
What I'm concerned about is if we engage in reductions, and are wrong, that we've reduced and impacted services that have a tangible impact to the community.
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