Gilroy finance director reports FY26 Q1: sales-tax dip and improved CalPERS returns Finance Director Harjo Tsangen told council that updated sales-tax projections reduce FY26 revenues by about $400,000, CalPERS returns lowered the city's UAL from $115M to $101M, and council approved budget adjustments including $60,000 for an economic development assessment and $12,500 for election outreach.

Gilroy's finance director revealed significant budget adjustments, including a $400,000 sales-tax dip and a drop in the city's unfunded liability to $101 million—what does this mean for the future?

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