Budget Amendment No.4 for Fiscal Year 2025-26
Summary
In response to recent fires, the city created a $5 million loan program to help property owners rebuild quickly. The funds are being reallocated from existing CRA reserves through a budget amendment.
At a glance
- Total mentions
- 5
- Last 30 days
- 0
Last discussed May 14, 2026.
Impact analysis
Allocates $5 million toward disaster recovery loans, impacting existing commercial loan program balances across project areas.
Property owners and businesses affected by disasters who need low-interest gap financing to rebuild.
Other CRA project areas that might temporarily see reduced funding availability while reserves are directed toward disaster relief.
Mentions & discussions (5)
Council Work Session Meeting - May 14, 2026
The city is balancing its budget, which includes potential cuts to some arts programs and increased spending on police staffing and technology.
Revised LBA, CRA and Council Formal Meeting - May 5, 2026
The council reviewed and approved the tentative budgets for the Local Building Authority and the Community Reinvestment Agency for the upcoming fiscal year. These budgets are crucial for funding capital projects and community reinvestment initiatives.
Limited Community Reinvestment Agency (CRA) Meeting - May 5, 2026
The Community Reinvestment Agency is proposing to amend its budget for the upcoming fiscal year. This amendment reflects higher-than-expected revenue from property taxes and interest, and includes a transfer of funds to support affordable housing. The agency is seeking to adjust its financial plan to account for these changes.
Community Reinvestment Agency (CRA) Meeting - Sep 9, 2025
In response to recent fires, the city created a $5 million loan program to help property owners rebuild quickly. The funds are being reallocated from existing CRA reserves through a budget amendment.
Council Work Session Meeting - May 29, 2025
The city is finalizing its budget for the next year. This determines funding for everything from police and courts to neighborhood programs and street maintenance.
We'll email you when it's on an upcoming agenda and when it's voted on, at most once a day.
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