MAYOR’S PROPOSED BUDGET FY 2026
Economic
Development
Department
Budget Presentation
JUNE 3, 2025
Economic Development Department
FY 2026 Total Budget2
Category FY 2023
Actuals
FY 2024
Actuals
FY 2025
Amended
FY 2026
Proposed
Personnel $ 723,555 $ 934,739 $ 1,043,800 $ 996,000
Non-Personnel 882,994 253,155 2,662,500 1,722,700
Interdepartmental 152,891 151,130 203,600 156,800
Total $ 1,759,440 $ 1,339,024 $ 3,909,900 $ 2,875,500
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026
Notes
1. Personnel attrition rate increased from 6.18% in FY 2025 to 14.22%, or $157,800, in FY 2026
Economic Development Department
FY 2026 Budgeted Positions3
Category FY 2024
Adopted
FY 2025
Adopted
FY 2025
Amended
FY 2025
Changes
FY 2026
Proposed
Economic Development 8.0 8.0 8.0 0.0 8.0
Total 8.0 8.0 8.0 0.0 8.0
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026
Economic Development Department
Operational Impacts4
Description 2026
Proposed
1) Non-Personnel
Reductions
$ (46,000)
Notes:
1. Targeted reductions to minimize
operational impact through lower
consulting, public relations, travel,
and training appropriations
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026
Economic Development Department
Federal & State Grants5
Description 2026
Proposed
State:
1) Local Immigrant
Integration and
Inclusion Grant
$ 165,000
Notes:
1. Local Immigrant Integration and
Inclusion Grant (LIIIG) awarded in FY
2024 to provide entrepreneurship
and digital literacy training and
workshops to Spanish speaking
immigrants
• In FY 26, will hold a “Semana de
Immigrantes Emprendedores” (Immigrant
Entrepreneurs Week) to offer in-person and
virtual training and networking
opportunities
• Grant will sunset January 2026
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026
Economic Development Department
Program & Project Highlights6
Notes:
1. Continued work with CVIIC on the
LIIIG Grant Activities
2. Continued Energy Efficiency Grants
for locally owned restaurants
Description 2026
Proposed
1) LIIIG Grant Activities $ 165,000
2) Energy Efficiency Grants $ 800,000
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026
Economic Development Department
Community Outreach Highlights7
Outreach to local businesses looking to expand through events such as:
SJVMA Summit
Central California Women’s Conference
Local chamber events
Speaking engagements/trainings
Attending regional, state and national tradeshows such as:
SemiCon West – Phoenix
ICSC Las Vegas
Select USA
World Ag Expo
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026
8 Questions
JUNE 3, 2025 MAYOR’S PROPOSED BUDGET FY 2026