Council receives FY26 second‑quarter budget review, approves staff recommendations and two resolutions City finance staff outlined projected structural deficits, reserve depletion risks (reserves projected to exhaust by FY2028), and potential revenue options including a property transfer tax and a transient occupancy tax increase; Councilmember Jordan moved to adopt staff recommendations and two resolutions and the motion passed unanimously of those present (Councilmember Harmon absent).

Santa Barbara faces a looming budget crisis with reserves at risk of depletion by 2028, prompting urgent discussions on potential tax increases and spending adjustments.

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