FY 2026-27 Proposed Midcycle Budget

Elizabeth Lake, Acting City Administrator Subject: FY 2026-27 Mayor’s Proposed Midcycle Budget Date: June 5, 2026 Page 7 Special City Council June 12, 2026 In addition, the proposed budget was developed considering the potential fiscal and service impacts associated with Measure E, the Oakland Public Safety, Cleanliness, and Accountability Act of 2026. A proposed Measure E spending plan was prepared to identify potential uses of Measure E revenues in the event the measure was approved by voters. The proposed spending plan also identified Measure E revenues as a potential funding source to support future compliance with certain voter-approved maintenance of effort and staffing requirements. However, the FY 2026-27 Midcycle Budget is balanced without reliance on Measure E revenues and does not assume receipt of such revenues. FISCAL IMPACT The fiscal impacts are described in the FY 2026-27 Proposed Midcycle Budget. PUBLIC OUTREACH / INTEREST The City hosted three community budget education presentations: • Friday, May 15, 2026, 6:00 – 7:30 pm, Leona Lodge, co-hosted with Council President Jenkins, District 6. • Monday, May 18, 2026, 5:30 – 7:00 pm, Lincoln Recreation Center, co-hosted with Councilmember Wang, District 2. • Thursday, May 28, 2026, 6:00 – 7:30 pm, location TBD, co-hosted with Councilmember Ramachandran, District 4. COORDINATION The Finance Department worked with all City departments in preparing the FY 2026-27 Proposed Midcycle Budget. RACE AND EQUITY The FY 2026-27 Midcycle Budget is a significant tool for improving race and equity. Budgetary decisions made with equity as a focus can help to mitigate the inequitable circumstances of Oakland residents. The Midcycle Budget specifically addresses areas of affordable housing and homelessness, jobs and economy, public safety and violence prevention, and clean, healthy, and sustainable neighborhoods, all of which have equity considerations. CALIFORNIA ENVIRONMENTAL QUALITY ACT (CEQA) The impact of the City’s appropriations can have a considerable effect on the local environment impacts depending on the decisions made by the Mayor and Council.