FY 2026-27 Proposed Midcycle Budget
City ResolutionFiled under council matter 26-0787
Subject: FY 2026-27 Proposed Midcycle Budget From: Finance Department Recommendation: Adopt A Resolution (1) Adopting The Midcycle Budget For Fiscal Years 2026-27 And Appropriating Funds And Revenues To Cover Expenditures Approved By Said Budget; And (2) Authorizing The City Admi
Extracted text
FINANCIAL CHALLENGES
For years, Oakland has carried a structural deficit,
meaning that expenses have chronically grown much
faster than revenues, even in good times. This is
primarily driven by rising personnel costs like
medical
benefits and pension contributions mandated
by the
State.
Structural Deficit
ATTACHMENT B