# September 24, 2026 - Regular and Special Finance Commission Meeting

At its September 24, 2026 regular and special meeting, the City of South Pasadena Finance Commission received a report on FY 2025–26 capital improvement program (CIP) carryovers and budget adjustments. Staff described carrying unspent funds forward and identifying surpluses for possible reallocation to other approved projects, without increasing the overall CIP budget. Reallocations will be brought to the City Council for approval; no related vote or contract award was recorded. The presentation cited a $29.5 million FY 2025–26 CIP budget and explained that funding transfers must respect restrictions on fund uses. Staff also noted that project closeout and payment of remaining invoices can delay release of unused funds.

In the special-meeting discussion, staff provided factual information about the city’s infrastructure funding and a proposed $80 million general-obligation bond for streets, roads, sidewalks, and storm drains. The bond would require approval by two-thirds of voters, and proceeds would be restricted to eligible infrastructure work. Staff estimated an average annual cost of about $33 per $100,000 of assessed value. The discussion noted that the FY 2026–27 CIP totals approximately $51.1 million, with street and transportation work relying largely on restricted or one-time sources; no vote on the bond was taken at this meeting.

**Jurisdictions:** sled
**Industries:** Construction & Infrastructure
**Topics:** Physical Infrastructure
**Published:** September 24, 2026

### Sources
- [September 24, 2026 - Regular and Special Finance Commission Meeting](https://www.youtube.com/watch?v=bHPMtDeGPi8) - City of South Pasadena