Biennial Budget (FY 2026/27-2027/28) Workshop
APRIL 7, 2026
FINANCE COMMITTEE
Staff recommendation
Receive report on the benefits of producing a Biennial Operating and Capital Improvement Program Budget for Fiscal Years 2026/27-2027/28. 2 3
What are the benefits of multi-year budgets?
Budget Discipline
Incorporate operating costs linked to CIP
Key benefits
4 City Council Priorities
5 Economic Development
Housing
Infrastructure
City Services
Public Safety
Youth and Seniors
Budget focus
6 The City’s budget is intended to focus on the key questions of what we do and why, not just how much does it cost and how will it be funded.
Very few goals and objectives fit into neat one-year increments Importance of a commitment to a planning approach
What should we consider in moving to a two-year budget? 7 Most fundamentally, what do we hope to accomplish if we adopt this approach? What is our current organizational culture in terms of departmental vs centralized control of the budget? Is integrating strategic planning and the budget process a high priority? Do we have a process for this now, and will a multi-year approach improve it?
Biennial Budget Dev Process (FY 2026/27 – 2027/28)
8 Questions?