Summary
The Q3 report projects higher revenues and slightly higher spending than earlier estimates, resulting in a General Fund balance of $882 million—13.6% of revenues and well above the City’s internal target. Notable adjustments include increased revenue from Wage and Business Taxes, reduced personnel and debt service costs, and increased spending on 2026 events and wellness centers. Across special funds, the Transportation and Housing Trust Funds showed improved balances due to revenue gains and lower-than-expected obligations, while Capital Fund investments remained concentrated in Streets, MDO, and Parks and Rec, Commerce, and Fleet departments.