Shasa Curl, City Manager
June 16, 2026
MOVING
RICHMOND
FORWARD
6/11/2026 1:35 PM 1MOVING RICHMOND FORWARD
DRAFT
Fiscal resilience enables us to tract, retain, and support the workforce that delivers for Richmond.
Review and Provide Direction
on the FY 2026-27 Proposed
Budget and FY 2026-31 Five-
Year Capital Improvement
Plan
June 16, 2026
Shasa Curl
Richmond City Manager
6/11/2026 1:35 PM
2 Fiscal resilience enables us to attract, retain,
and support the workforce that delivers for
Richmond.
MOVING RICHMOND FORWARD
Recommended Action
REVIEW proposed Fiscal Year 2026-27 Budget,
Five-Year Capital Improvement Plan Budget
for Fiscal Years 2026-27 through 2030-31;
and PROVIDE DIRECTION to staff prior to final
budget adoption
6/11/2026 1:35 PM 3
MOVING RICHMOND FORWARD
Overview
• Budget Development
• Funding Options for Project Shortfalls
• Staff Recommendation
• Next Steps
• Recommended Action
• Questions
6/11/2026 1:35 PM 4
MOVING RICHMOND FORWARD
6/11/2026 1:35 PM 5MOVING RICHMOND FORWARD
Draft Fiscal Year (FY) 2026-27
Annual Operating Budget and
FY 2026-31 Five-Year Capital
Improvement Plan
May 5, 2026
Fiscal Year 2026-27 Draft
Budget Department
Presentations and Budget
Updates
May 19, 2026
Budget Study Session on
Proposed Fiscal Year 2026-27
Operating Budget and Fiscal
Year 2026-31 Five-Year Capital
Improvement Plan and
Department Presentations
May 26, 2025
Budget Study Session on
Proposed Fiscal Year 2026-27
Operating Budget and Fiscal
Year 2026-31 Five-Year Capital
Improvement Plan
June 9, 2026
Review and Provide Direction
on the Budget Checklist for FY
2026-27 Proposed Budget and
FY 2026-31 Five-Year Capital
Improvement
June 16, 2026
Budget Adopted
June 23, 2026
FY 2026-27 Budget Development
Near-Term Project Shortfalls
6/11/2026 2:40 PM 6MOVING RICHMOND FORWARD
Project Shortfall
Amount ($)
Richmond Wellness Trail Phase II Project 1,045,000
San Francisco Bay Trail at Point Molate Project 1,000,000 Shields-Reid Park (anticipated change orders) 196,000
Wendell Park (anticipated change orders) 435,000
Total $2,676,000
6/11/2026 2:33 PM 7MOVING RICHMOND FORWARD
Point Molate Projects
Project1
TRAIL
Project 2
BEACH
Completion
= Winter 2026/27
Completion
= 2028
Future
Project
MITIGATION
6/11/2026 2:33 PM 8MOVING RICHMOND FORWARD
Point Molate Projects
Project1
TRAIL
Project 2
BEACH
2021 Estimate
= $3.6M
Remaining Budget
= $4.2M
Projected Costs
= $5.2M
Remaining Budget
= $2.2M
Projected Costs
= $2.14M
Move Funds
= $1M
Proposed Budget
= $5.2M
Proposed Shortfall
= $950K
Construction Bid = $3,811,662
Contingency = $381,166
Construction Management = $743,926
Public Art 1.5% = $77,051
Project Management = $190,583
Tribal Monitoring = $28,800
Construction Budget = $1,025,000
Contingency = $102,500
Consultants = $850,000
Public Art 1.5% = $15,375
Project Management = $100,000
Tribal Monitoring = $50,000
Near-Term Project Shortfalls
6/11/2026 3:18 PM 9MOVING RICHMOND FORWARD
Project Shortfall
Amount ($)
Richmond Wellness
Trail Phase II
Complete Street!
1,045,000
Added Scope
Point Molate Bay Trail
In Construction!
1,000,000
Final Bid
Shields-Reid Park
ARPA & Almost Done!
196,000
PGE Changes
Wendell Park
ARPA & Done this Fall!
435,000
Restroom
Total $2,676,000
Funding Options for Project Shortfalls
6/11/2026 1:35 PM 10MOVING RICHMOND FORWARD
Project Fund Amount ($) Comments
Corporation Yard
Fuel Site Upgrades
Design
General Capital 189,800 Deferred due to future project funding constraints; estimated total project cost ~$2.2 million.
Civic Center Plaza
Landscaping General Capital 200,000
This project can be covered within existing
operating and maintenance resources and will be
removed from the CIP
Point Molate Trail
Beach Stabilization General Capital 1,250,000 Future grant opportunities are expected to address funding shortfall for this project.
Fire Fleet Equipment Services 470,000 Postpone scheduled Fire Department vehicle replacement
City-wide Fleet Equipment Services 180,000 Postpone scheduled vehicle replacements for various City departments
Parks and Open
Space Program General Capital 386,200
Future grants will be pursued to cover this cost;
required for Point Molate Beach Stabilization
mitigation.
Total
$2,676,000
AB 1383 Estimated Annual Fiscal
Impact: $1 Million*
Salary Cap • Raised Cap for PEPRA Employees
Retirement Age • Public Safety PEPRA Employees Lower
Retirement Age from 57 to 55
PEPRA Safety
Formulas
• Allows negotiation through MOU for PEPRA
Safety Formulas (2.5% @ 55, 2.7% @ 55 and 3%
@ 55)
6/11/2026 2:34 PM Moving Richmond Forward 11
* Present value estimate; will compound and increase CalPERS Unfunded Accrued Liability (UAL) Staff recommends that the City Council:
• Direct City staff to proceed with the funding options identified to address the $2.67M in project shortfalls
• Incorporate these adjustments into the FY 2026-31 CIP • Move forward with the balanced FY 2026-27 Operating Budget & FY 2026-31 CIP • Provide any additional direction prior to final budget adoption • Acknowledge ~12 percent vacancy rate pending final MOU negotiations with public safety
FY 2026-27 Proposed Budget –Status Quo/Baseline
6/11/2026 1:35 PM 12MOVING RICHMOND FORWARD
Status Quo
(Baseline)
Budget
Key Initiatives
Prioritized CIP
Shortfalls
Addressed
FY 2026-27
Proposed
Budget
Recommended Action
REVIEW proposed Fiscal Year 2026-27 Budget,
Five-Year Capital Improvement Plan Budget
for Fiscal Years 2026-27 through 2030-31;
and PROVIDE DIRECTION to staff prior to final
budget adoption.
6/11/2026 1:35 PM 13
MOVING RICHMOND FORWARD
14 Questions?
MOVING RICHMOND FORWARD6/11/2026 1:35 PM