City Council - 6/16/2026 - Agenda Item N5 - FY 26-27 Proposed Budget

The City Council of Oxnard held a meeting on June 16, 2026, to discuss and adopt the fiscal year 2026-2027 operating and capital improvement budget. The council reviewed proposed revenues and expenditures totaling approximately $655 million in expenditures and $610 million in revenues, with the difference to be covered by existing fund balances. Key budget highlights included allocations for recreation programs, police services, and significant capital improvement projects such as arterial street resurfacing funded by Measure O and the general fund. The council also addressed staffing authorizations, salary schedules, and financial management policies. Additionally, the budget incorporated loan proceeds for wastewater projects and anticipated grant pursuits for capital projects. Several resolutions were recommended for adoption, including those related to full-time equivalent positions, classification and salary schedules, financial policies, appropriation limits, and the master fee schedule.