# @dailycal on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DJ-MnPhpCvf
- **Gondola URL:** https://gondola.cc/posts/30870094-dailycal-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/postThumbnails/257f549c17.jpg
- **Posted:** 2025-05-22T22:00:23.000+00:00
- **Account Owner:** The Daily Californian (@dailycal) — https://gondola.cc/dailycal

## Caption

The Berkeley City Council received a mid-biennial budget update for the 2026 fiscal year, which includes a projected $18.68 million general fund deficit as of May, at their regular meeting Tuesday.

The update highlighted similar issues as discussed in the budget update at the Budget & Finance Policy Committee meeting April 24, such as a persistent structural deficit in the last few years and a lack of adequate resources for the upcoming fiscal year.

The city has already adopted other measures to balance the budget, such as a worker compensation holiday and an option to use the Section 115 Trust to pay for pension costs. Other options include making further use of the Section 115 Trust, transferring 50% of the funding from the city’s IT Allocation Plan and reallocating Measure U1 funding meant for the Small Sites program.

Read more through the link in bio.

✍️: Paarth Mishra
📸: William Yau 
.
.
.
#ucberkeley #dailycal #berkeley #cityofberkeley

## Stats

- **Views:** 0
- **Likes:** 175
- **Shares:** 0
- **Comments:** 3

## Tags

cityofberkeley, dailycal, berkeley, ucberkeley

---
Copyright (c) Gondola