The Stockton City Council on Tuesday approved midyear budget adjustments for fiscal year 2025-26, advancing time-sensitive projects while delaying other spending decisions for further review.
Chief Financial Officer Gilbert Garcia told councilmembers the city ended the previous fiscal year with a roughly $3 million surplus after fully funding its working capital reserve, equal to about 1% of the general fund. Departments initially submitted about $12 million in midyear requests, which were narrowed to about $3.2 million in general fund proposals and an additional $3.3 million from other funding sources.
“We focused on the city council goals and priorities as described in the city council goal-setting meeting, so expanding public safety, expanding activities for youth and infrastructure investment,” Garcia said. “In addition, we have legal mandates that we’re required to comply with, and we also look, to the extent possible, at non-general fund funding sources where available.”…