The city of Eugene’s projected budget gap for the two-year cycle starting in 2027 has significantly widened, city finance leaders said Monday, June 8.
The city would need to reduce spending in its general fund by $5.1 million per year beginning in 2027 to keep reserves on target, Principal Financial Analyst Maurizio Bottalico told the Eugene City Council. The shortfall is about $3 million more than the $2.2 million annual gap that city finance leaders projected in December — an increase of roughly 131%.
Without taking action, the city’s reserves are projected to be depleted within the next six years, Bottalico said…