City Council

10. ADOPTION OF FISCAL YEAR 2025-2026 BUDGET AND GANN APPROPRIATION LIMIT As directed by the City Council at the May 20, 2025 budget workshop, the Proposed Biennial Operating Budget and Capital Improvement Program for Fiscal Years 2025-2026 and 2026-2027, reflect the objectives of the 10-year Fiscal Sustainability Strategy necessary for the City to achieve its goal of operating with a structurally balanced budget. The Proposed Budget allocates resources to support the City Council’s priorities and maintains a 20% General Fund Reserve level for Fiscal Years 2025-2026 and 2026-2027. Recommendation: Staff recommends that the City Council: 1. Adopt Resolution No. 25-45, Adopting the first year (Fiscal Year 2025-2026) of the 2025-2027 Biennial Budget and Related Documents for Fiscal Year 2025-2026; 2. Select the price factor for adjusting the Fiscal Year 20252026 GANN Appropriation Limit; 3. Adopt Resolution No. 25-41 setting the appropriation limit for the Fiscal Year 2025-2026 at $131,615,075; 4. Adopt Tustin Housing Authority Resolution No. 25-03, Adopting the Housing Authority Budget for Fiscal Year 2025-2026; and 5. Adopt Resolution No. 25-39, Updating the Citywide Salary Schedule and the Position Control Schedule consistent with the Proposed Budget for Fiscal Year 2025-2026. RESOLUTION NO. 25-45 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE FIRST YEAR (FISCAL YEAR 2025-2026) OF THE 2025-2027 BIENNIAL BUDGET AND RELATED DOCUMENTS FOR FISCAL YEAR 2025-2026 RESOLUTION NO. 25-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, DETERMINING AND ADOPTING AN APPROPRIATION LIMIT FOR THE FISCAL YEAR 2025-2026 IN ACCORDANCE WITH ARTICLE XIII B OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION 7910 OF THE GOVERNMENT CODE TUSTIN HOUSING AUTHORITY RESOLUTION NO. 25-03 A RESOLUTION OF THE TUSTIN HOUSING AUTHORITY OF THE CITY OF TUSTIN, CALIFORNIA, ADOPTING THE HOUSING AUTHORITY BUDGET FOR THE FISCAL YEAR 2025-2026 RESOLUTION NO. 25-39 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, CALIFORNIA, UPDATING THE CITYWIDE SALARY SCHEDULE AND THE POSITION CONTROL SCHEDULE Fiscal Impact: The proposed budget for Fiscal Year 2025-2026 allocates resources to support delivery of citywide public services and maintains a 20% General Fund Reserve level for Fiscal Years 2025-2026 and 20262027.