City Budget Plan Trims Spending, Taps Reserves to Cover $27M Shortfall
The fiscal years 2026-28 biennial budget relies on cost reductions, reserve draws and one-time fixes to address General Fund and Measure Z gaps.
The fiscal years 2026-28 biennial budget relies on cost reductions, reserve draws and one-time fixes to address General Fund and Measure Z gaps.
Measure would raise Measure Z from 1% to 1.25%; residents raise concerns over spending accountability.
Council will make final decisions February 24 with March 6 deadline for June ballot.
City defers spending and cuts revenue projections while preserving reserves to weather inflation and federal policy changes.
City faces $2.5 million drop in sales tax revenue, pulls $7.65 million from reserves.
Let us email you Riverside's news and events every morning. For free!